HOT OFF THE PRESS $$$$CFGX CEO UPDATE$$$$ NMK NOBEL METAL KINGS 25 MILLION DEAL
Dear Shareholders:
I just thought I’d take a second to comment on what we are working on next. The top priority right now is to finish up with the $1 million secured credit facility for the guys at Gold Rush Refiners. This is due to the fact that the line will help them get back into full production, which will help them more easily pay us the $50k plus per month loan payments, which we will have coming to us starting in July. There’s no doubt about it, those incoming loan payments will come in handy to help us shore-up our own cash flow needs so we can stabilize our core operating activities and grow–it will be a pivotal development for us, for sure.
In parallel, we are working on cleaning-up our deal with Noble Metal Kings. They have an above-ground ore body that is looking like a very nice candidate for a steady buy/sell agreement. Let me remind you why we are doing this deal, since we are a finance company and not a mining company. Basically, when we seek to setup loans based on ore materials, the collateral (the ore) is only as good as our ability to liquidate it in the real world, otherwise it serves no purpose to have it as collateral. So, this will allow us to burn through a stockpile of ore as a test-run, as if we took it back in some type of foreclosure or forfeiture. Having this capability in our skill-set will help us show proof of concept in ore-based lending and give us a track record that will help us raise funds and setup a platform, and so on. Plus, it will make us some very nice profits.
I’ll comment more on the other deals in the pipeline in the next day or so.
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