Saturday, August 06, 2011 9:01:25 AM
Srsr now has and agreement to cover all reasonable development and management expenses relating to nemegosenda
While I understand that is what the PR states but since it also states an amount of money between 5.5 and 10 million C$, either the costs developing Nemegosenda are far lower than we ever expected or the deal is for more money at some point.
Once again not enough disclosure even in that press release to know what is gong on.
While I am guessing perhaps as DSU states the level of proof is not the 20-30 million feesibility Scott has mentioned more than once? That perhaps also leads one to think this may be an end user financed development not a bank?
Or maybe the 5.5-10 million is truly an option and that option premium, the 5.5-10m will provide enough information for them to eithre take on ALL of the reasonable development and management expenses relating to nemegosenda whichbwould ve a big number $250 million plus or walk away.
Why the company can't be clearer makes no sense I just don't think they are capable of putting out clear and consise PRs so we always walk away with more questions than answers. And if we feel that way you can understand why the PRs don't gain any additional traction with new investors?
Not at all suggesting the news isn't good as it is, it would be better if we really had a clear understanding of what is going to happen.
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