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Re: imanjen13 post# 39544

Monday, 08/20/2012 12:18:42 PM

Monday, August 20, 2012 12:18:42 PM

Post# of 42760
Waiting for a miracle to happen and our so called Saudi group(JV Partner) comes to rescue this company. According to the PR at the time of announcement of JV, we were given an impression that Saudi Group will finance the mine development once their condition for joint management is fulfilled. FMNJ agreed to Joint management and thus Mr. Ghulam Mustaffa Dar from that group was appointed president of FMNJ. I have no idea whether or not RS was a precondition of JV or it was the latest condition added before financial commitment. Since RS too has been in place now I should see some dollars coming into play and do stock buy back. I think that was the real purpose of this JV. Let us see whether or not the promise is fulfilled or we are fooled again like before.