Applied Minerals Inc (AMNL)

[MasterSalix]

Nice to see some new, excited long holders on the board- here’s the thing, however:

“BK? Not likely. That gets the debt holder nothing buy legal bills. Kinda like shooting ones self in the foot.” BK is a protection employed by the debtor, not the holder. The holder doesn’t have a say if you declare BK or not. Further, if you are referencing the fact that the holder will be more likely work out a deal as to not have to deal with a BK, that would make sense if AMNL was even close to working out anything close to payments on, or reduction of, nearly $50M in debt; fact is, they are not.

“DOE would not fund the R&D phase II if that was a risk.” This is a fundamental misunderstanding of the process. I won’t get heavy into it - but suffice it to say DoE does not review the applicants for credit worthiness or review their financial books before award. Awards are on the basis of the submission and its promise only.

“Perhaps the debt holders are friendlies that think this will 10 Bagger + market cap, and will to just roll over debt for 1-2 years more?” Sure, they could work something out and sell off a gigantic stake in the company to survive - but here’s the thing - what does AMNL have that let’s say - oh - Ionic does not? IP? No. Personnel? No. A whole heap load of debt? YES.

In other words, what I am saying is that it is just making more and more sense for AMNL to work to move the only asset they have (the mine) and then throw the keys in the mailbox as it were - rather than continue with the albatross which is 50M in debt around their neck’s indefinitely.