Replies to post #223 on Camrova Resources Inc. (BAJFF)

[carl12341234]

The answer is rather simple. The KC takes the debt along with the assets. The Koreans will assume 90% of the debt and BAJFF will end up with 10%.
There is a scenario where BAJFF retains up to 39% of the mine however, they must have the cash to pay the KC. BAJFF does not have any cash to speak of, nothing like the hundreds of millions of dollars required to retain a higher percent than 10%.
The current management is functioning as temporary management while turning over the operation to the Koreans. It would appear this current team will stay in control until the end of this year. Then new majority owners and downsize the controlling staff of BAJFF.
BAJFF will become a shell of its former self, reviewing ledgers intent on displaying the amount of income earned by the mine.
BAJFF will calculate their 10 % and pass the earnings to te shareholders.