El Maniel International Inc (EMLL)

[novellguru]

On the gold sales it was clearly stated in the PR that they are using the gold trading arm to buy and sell the gold, not from gold in plot C. Since they are allowed to buy gold at below 3% the market price on the day of the sale. This would leave at least a 3% profit over all. If they resold it the same day or if they sat on in for the market price to rise slightly then even more profit.

Loose math:

So 1000oz of gold @ 1400 is 1,400,000.00 X 3% (lowest percentage) = $42,000. Or they could sell 60,000,000 shares to raise 42,000.

Here is the e-mail reply from IR:

fromEMLL <[e-mail]>
toPhillip XXXXXX <[e-mail]>

dateFri, Mar 18, 2011 at 9:13 AM
subjectRe: Investor questions

hide details Mar 18 (7 days ago)


Our most recent posting (and the structure has not changed since) can be found in our Annual Reports, filed this year, at OTC Markets (www.otcmarkets.com)

thank you for your email.

EMLL IR