RE:RE:RE:RE:RE:RE:RE:NEXT Madagascar Graphite deposit just got mining licenceAustrian007 wrote: Why are we even discussing these side shows...? What happened at PDAC... did any of you get to meet Dan..? and what's happening on the licences.... this seems to drag forever and forever...
is there even llight at the end of the tunnel?
Thanks,
terrafirma555 wrote: bob333666 wrote: Don't we have to pay something to that sleaze ball, pond scum, living under some cow manure, Randal? IMHO
I believe the first $250000 payment is due March 15th, then every quarter for the next two years. The third and fourth payments are $500000, for a total of 2.5 million. Other conditions could apply if certain things happen.
Austrian007 I wish we did not have the side shows to discuss but the $2.5 mil in payments to COU is relevant as that is equal to the cost of the processing plant that will be required very shortly I believe. Financials should always be part of the discussion, money is the reason that brings us all here.
i agree that it seems to be taking forever with all the delays, first Couger and the mysterious bulldozer BS, followed by termination and arbitration. Then the “ONE” document fiasco. Followed by the forgotten channel samples and road cut samples. All of these issues are unfortunate and have caused delays but they have been dealt with and are hopefully behind us.
Now for the positive, Lab results should be released very soon for the 301 sample, this should boost the resource estimate. FINAL negotiations with local land stakeholders are being set, DNI have responded to all technical questions asked by”ONE”. Debentures May be cancelled as other things are happening with regards to financing. I don’t know what the other things are but it’s always positive if you have options. Plant should be up and running approximately six months from the date of issuing PO, this equals cash flow.
Last week “ONE” posted a group of newly issued EV licences, these are the first posted since the election, I’ll take ‘‘tis as a positive sign that the new ruling government is functioning.
so to answer your question I do believe there is a light at the end of the tunnel, I do believe we are close to the end of the tunnel and the light I see is a big green light.
If you have questions or concerns email or call Dan, I did and received a prompt response and was satisfied with the answers.
regards