Say it with me: Tuzgle-Tocomar and Valle del Cura
Perhaps the reason for the decreased pps, some of the dilution and seeming manipulation is that CPRK may be making good on a agreement entered into earlier this year to finance the Valle del Cura and Tuzgle-Tocomar advanced geothermal projects in the Andes Region of Argentina.
CPRK is to acquire a 50% interest in the projects, probably by arranging funding from the cash flow from its mill operations.
The agreement entered into was done prior to "the pre-feasibility stage" so who knows if the agreed-to project has panned out as even economically feasible.
CPRK's funding is supposed to help "substantially move the projects through the feasibility stage."
According to MD, participating in these pre-feasibility stage projects in remote Latin America should "build value from our cash flow" and "presents a great opportunity to further build shareholder value."
This agreement came to light back in January when a great many of us were expecting word on completion of the mill and immediate cash flows. The expert CPRK staff, including ones who never got so low as an A- in college, did not breath a word to the public about the feasibility of cash flows in January 2009, at the time this came to light.
Perhaps that agreement explains some of the pps and "manipulation" that some believe is occurring.
GLTA
T
AI
