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Dellucci

06/24/13 2:19 PM

#1994 RE: JR11 #1993

I believe that this 8K can go either way but I honestly believe that it means nothing except to keep the public guessing and investing. If he believes he will have the money to pay them back then why not a higher loan amount since the same expenses will occur in the next month unless he believes that the tailings check will be coming in July at some point so he only needs the 50K to take him until then. Who is KVM Capital and what happened to Deer Valley and the New Capital Group in NY?
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locklamp

06/24/13 6:25 PM

#1997 RE: JR11 #1993

I tend to agree with your more positive interpretation, as it would make no sense to get the interim loan if Dan's intent were simply to cut and run. He would simply have gone ahead and done it without the preliminary financial maneuvering. It remains to be seen how big an effect the eventual tailings payment will have on the stock price, how sustained it will be, and how long it will take for the leach plant to be built on the tailings property, thus enabling LSTG to generate income on its own without relying on the Parral plant.

BTW, if tomasviejo can take the initiative to either contact the Parral plant and/or investigate the local papers with his linguistic skills, that would be most welcome. :)