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7Secret7Service7

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7Secret7Service7

Re: tvmetguy post# 3596

Sunday, 10/24/2010 9:30:47 PM

Sunday, October 24, 2010 9:30:47 PM

Post# of 4875
SELR

They have been terminating there LOI to acquire new projects.

http://finance.yahoo.com/news/Steele-Resources-Corporation-iw-591558426.html?x=0&.v=1

We will continue to develop our existing projects and are extremely optimistic about the opportunities in our pipeline of potential acquisitions."

They had LOI to acquire a number of properties, Perhaps they are terminating these so they have sufficient cash to buy the relief canyon?

Or perhaps they are going to use the $ to put there existing properties into production.
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