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p1928

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p1928

Re: sanbrunobaby post# 62688

Monday, 03/18/2013 7:08:06 PM

Monday, March 18, 2013 7:08:06 PM

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One reason the mine deal is being delayed, IMO; is these hypothetical mine assets cannot be verified from an accounting and SEC point of view.

So, cash outflow of $3 Million to Fearn giving no corresponding increase in assets to CGFI would make the balance sheet look even worse. The deal must be put on hold until Mill revenues can cover the cash outlay.
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