Northern Lights Resources Corp C.NLR

groundhog day

[travismcgee]

up a little on big volume, down a little on big volume day in and day out.
commish fees and .005 gains is about all that seems to be happening.
glta.

[ValuePro]

"....005 gains is about all that seems to be happening." That's right, for now.  If Reyna reports good news on drilling, volumes and prices will change for the better.  But if drilling suggests more work is needed, NLR share price will stay about the same or fall. It is too late for weak hands to sell for a tax loss, so many such holders are just being fatalistic. 

[realty]

There are four more months to pay finally pay off the investor in shares or cash!  Woohoo, finally this debt will be paid in full and hopefully the company has learned its lesson with this type of financing deal.  Realty

[realty]

Question to the board here.  Why did NLR pay a $40,000 "finders fee" to someone for the Reyna deal?  So, you are telling me that someone had to bring this deal to your attention or did you pay an attorney to negotiate it for you?  Just want to clarification.  Realty

[ValuePro]

Paying a finder's fee is typical where the party seeking the financing does not have insider contacts to do a deal quickly.  This is common to small exploration-phase mining companies.  

[realty]

ValuePro, Now that is kind of funny.  They already have the contacts and did a deal with Reyna.  It is only natural as Reyna's program progressed for there to be discussions of Reyan obtaining more of the project.  No one is involved in finding this relationship or opportunity for NLR.  IT ALREADY EXISTS.  It is not a natural course of events.  If you already have

[ValuePro]

"No one is involved in finding this relationship or opportunity for NLR." I thought you were talking about a loan of 40K, not the buyout on NLR interest in Medicine Springs.  If you believe there is a connection, you are guessing.

[realty]

ValuePro, So you are telling me that NLR had to pay a "finders fee" for the buyout of their interest in Medicine Springs from Reyna Silver and this is normal?  NLR and Reyna Silver already brokered a deal previously.  Why would NLR need to pay someone 40k as a finders fee to do another deal with Reyna Silver?

[ValuePro]

O.k., I've sorted out what my confusion is.  1) I thought you were talking about a finder's fee for the most recent financing.  You are not. 2)  In reviewing both companies' press releases concerning the transaction, it appears that BOTH are paying a finder's fee.  a)  Reyna says, "In connection with the Acquisition Agreement, the Company has agreed

[realty]

Thank you ValuePro and I have been in contact with the company.