I listened to that interview a second time and took careful notes.
* Larry did mention they could go to 3 or 4 shifts. Manpower in china will be no problem. To that point, Larry mentioned the China government and people have been very amenable since this project should employ a lot of people.
* All China Government signings are completed. If there would be a worrisome potential hold-up that would be it. What is still needed is Hui (DAK owner) needs to sign final legal papers on August 2nd or 3rd of this week. At same time EQBM makes first payment which as jrdig has said over and over again makes this deal finalized.
* China took over this mine in 1950 after Chinese Revolution. They have dinked around with it and used to try arsenic to mine Tailings. Not very successful. DAK bought in 1997. There are 5.2 million tons of Tailings on this land. That is a lot of Tailings. 4 story building is on site with equipment already in it. DAK has been close to $400,000 per month in the past. Several lines and shifts to be added once EQBM enters the picture.
* Larry said in interview that Revenues will be immediate as in October and November timeframe. It won't be at full production levels right away but that should happen by February timeframe. Low yields would be at $710,000 levels per month, average yields would be $1.5M levels per month, and max yield levels would be $2.6M per month. I believe China is Southern hemisphere which means their winter season is opposite what we have here in the USA. I am not sure from the interview if they go into lighter yields during cold months and yield maximum hauls in warmer summer months to equate out to the expected $19.2M per year figures? Something we can hopefully get from Larry down the road. Things to remember are some levels of Revenue could start showing up in October and maximum yields should be around February if all goes well and according to what Larry has discussed.
* Financial Statement in next 30 days. Larry said roughly 400 M shares in Outstanding Float with 100 million going into Preferred status pulling O/S float numbers to 300 M. We will see if that is the case when Financials are released.
* Frankfurt Trading due to Larry having extensive relationships over in Europe as he lived there in the past. Larry said in interview that he is very well connected in Zurich, and that in the past he has worked with bankers there to fund other projects he has done. Currently has $1M in Escrow for Dalian Project. No trades yet on Frankfurt but hopes to have that going soon. Morgan Stanley was one who brought this project to Larry's attention. I believe Larry said he only has one MM signed up in Frankfurt for trading to date and that it is RG Securities. Could be wrong on that but I think that is what I heard.
* Larry mentioned that he thought shorts jumped the stock when it was around $.06. He said anyone shorting better hope they have the shares if they have not been borrowed. When asked why anyone should be interested in his stock he said they should because the price has been beaten way up to only be at $.006 and that is when he mentioned the potential of naked shorts. On that note talk is cheap and Larry holds the firepower within his own control to blow any possible shorts and manipulators out of the water. Things I would suggest to Larry to blow any price manipulators out of the water are finalize the China Project this week and PR it like suggested by jrdig, produce Financial Statement showing only 300 million shares as discussed in next week or two, fix the website links as promised, get Frankfurt trading for real, update us on Red Lake progress and Report, PR Ecuador and give details of where that project currently stands, and list the Trading and O/S float on Pinksheets. If Larry does all of those things then he can have all the shorts he wants for breakfast, lunch, and dinner. lol.
Feel free to add or correct me on my take of the interview. I tried to listen close to what was said and tried to take notes off of that.
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