FMNJ longs, i have been in contact with Andrew and asked him when the LOI and MOU would become agreements. He said:
"Thank you for your e-mail. The timing you speak of is hard to put an exact date on. The agreement is real. We are working with the government and bureaucracy only moves so fast. When working with any government your agreements are usually very solid, however until it is all done and production has began it is just an LOI.
The government has assured us they are pushing things as fast as they can. But you must remember that it is a bureaucracy and that they are concerned with the miners and citizens and not the stock price. The company can only release information as allowed. Unfortunately people seem to forget how the process works with contracts and governments when the stock price goes down. The company is going forward and is stronger now then when the stock was at .15"
so in my view its a matter of time before we see the rewards of our investements. If you are hoping for a .50 - $1.00 pps this summer, you may have to wait until late in the year or even until 2007.
The risk we take is the government of Bolivia changing thier mind or Franklin not being able to find a partner to come up with the funds for the G2L plant.
So we must choose to wait with our current investment, with the risk of the Bolivian government changing thier minds or the lack of a funding partner, or sell the stock and move on.
Keep in mind though that Franklins DD and efforst over the last year of getting to where they are (LOI and MOU) in a Bolivian governement in carefull consideration putting the Bolivian workers first was not just a last minute idea.
I say we will win this waiting game and it will be worth it. Where else can you find a potential up side from .025 cents like Franklin?
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