First Liberty Power (fka FLPC)

[CaveatEmperor]

1KWG: WRONG!"I say they move forward with funding for all aspects of their operation.

"...ALL aspects of their operation?

You do not know what their operation consists of. If the "All aspects" includes Mining AND make a profit, AND deliver Value to Shareholders. This scenario is Highly Unlikely. How can a company that has got so much debt possibly secure MILLIONS in order to pay off Creditors, keep the business running AND become a profitable Mining Business for the next few years?

I would say it's 99.999% Impossible. Who on Earth will lend a company that's almost broke, Millions of Dollars? Basically, their past performance is all vitally important: ANY lending company will want to see at LEAST 3 Years Figures in order to assess their risk. When they see continuing losses of many, many thousands of Dollars, they will not entertain a loan proportionate to the type of business we assume they will do.

It's a NON-STARTER!!! Apply Logic, put yourself in the shoes of a lender and what it would take to REALLY get going. Essentially, between ALL the Directors put together, they won't have enough security to obtain a massive loan to put up front as collateral to complete the job. FACT!!!!!