Replies to post #135794 on Golkor Inc (GKOR)

[daggfish]

Gump you have said many many times that they didnt receive more than initial first million for financing in your opinion THEY DID!...you have also stated that that the financials would be very disappointing (in the serious red)in your opinion THEY WEREN'T... not only have you been proven wrong on BOTH of your assumptions ...the fact that you have the nerve to even suggest they cant or wont get financing just shows how utterly bias your view of KATX really is...these guys will have NO problem getting financing if they need it at the moment and they can do it without change to the share structure, as you also were in doubt of...time to give the Steads a pat on the back as you know (or supposedly know) just how tough this business can be getting funds for operations...the silence is about to be broken and when it is I think we will all be blown away at just what these guys have been up to...

[BigOwl47]

I seem to recall that Financiers offer financing based on performance. In other words, if KATX accomplishes drilling a certain number of holes by X date then they will have met the "performance" part of the contract. As I understand it, the financiers are expecting KATX to complete certain contractual requirements on or by a set date. I do not believe, as is being insinuated, that the finance agreement is solely based on "Results of the drilling". As long as KATX is Performing the actions prescribed by the contract, the financiers money will keep flowing.

Keep in mind that it is just as likely that KATX / BVIG can hit the mineral motherload on the very last drilling of the very last property and still make the financiers a profit. I do not believe the financier's contract with KATX is not solely based on Drill Results.

Also, the majority of the financiers I have dealt with are invested in many different potential profit making contracts, so if one junior explorer comes up with dry holes after all the drilling is done, the financiers will write off the loss and move on. That is the risk that they take by financing a junior exploration company. There are no guarantees for the financiers or the investors (like us) for that matter. The financiers are betting that Ken and company knows what they are doing. That is why they invested. They do expect to make a profit, but it is not guaranteed.