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sarshee

07/13/09 5:35 PM

#56085 RE: SPARK #56009

Spark,
In your post 56009 you questioned whether there may be a group that was so interested in Negomesenda that they may have advanced funds towards drilling and additional works or whether Scott and crew just had the confidence based on the report to go forward with all this new work on their own.
My discussion with Merle a few weeks back leads me to believe the former is more likely. Sarissa was very short on money, only enough for the report completion. So unless there was some sort of private placement we are not aware of yet, I think there is some news coming about a financing arraingment whether a takeout agreement or whatever. I'll be looking forward to whatever it is along with the report release. I kind of hope the financing agreement comes a few days after the report release. jmho

browndawg