Phoenix Associates Land Syndicate (fka PBLSQ)

[momentumtrader]

I had a long talk with Ron Blackburn last Thursday. It was at least 40 minutes long. Everyting seems fine from what I can tell in regard to Komex. One of the things they had to do was come up with a 250 million dollar bond for Komex. It got submitted last week. I know that Prumuto and O'Reilly had to do a lot of work for the issuer of the bond. They had to personally co-sign the bond. Phoenix had to pay for the bond which I think was around 100,000 and the other two had to collateralize it. Promuto from my understanding is also very wealthy as well. I had him estimated around 30 mill, I think 200 mill is a closer number.
I know that the middle of the month which is only about a week away, is going to be significant. It is my understanding many of the coal mines that were discussed in past press releases should be acquired. These acquisitions are going to be significant, because they are going to provide a lot of the lime needed to fulfill the large contract with Komex. The company did not want to pre-release until they went through the regulatory approval. I heard from numerous people that this should not be any problem. More of a formality step than anything. Ron told me that the picture for shareholders is going to become much clearer starting that time and moving forward. He seems very excited about everything that is going on.
He also told me that that they are working on another very large contract, which is potentially bigger than the one they announced. I've heard from other shareholders that this could be related to Lafarge, Komex, and the O'Reilly family. I hope this is true, because they are the largest mining company that I'm aware of in this space. They trade on the New York Stock Exchange and their market cap the other day I noticed was 26 billion. http://finance.yahoo.com/q?s=LR
I am going to try to speak to Promuto, O'Reilly, and Blackburn this week. I will try to give an update on what I learn.