Replies to post #60242 on Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

To be sure lots of questions remain on terms of the orders, capital required for start up, andof course how they met January 6th payments according to purchase agreements.

I agree with you that since CFO seems to be driving business he needs to get paid which means volume in stock so that worst case they can finance via convertibles.Though it has been mentioned by a few posts the concept of a bank lending money to an operation with negative working capital in excess of $2 million, no established reserves or feasibility report, and existing cash needs to operate of apparently $400,000+ per year according to cash flow statement. I am curious if Colorado banks are lending under such circumstances even with mill collateral.