JNR Resources Inc JNRRF

RE: RE: RE: RE: Hmm...Its been a week...

[DRILLFILLBILL]

March 9th will be key.  This is the deadline that private investors of Greek bonds have to accept the restructuring of the bonds, which will give them a 75% haircut.  If they choose not to accept the deal, that means they are counting on the Credit Default Swaps to profit from their investment.  If the CDS's have to perform, this could trigger a meltdown in markets worldwide that will dwarf what you saw in 2008.  Nobody really knows how much money would have to paid out from these CDS's because it is a private market!!  So, in this scenario it really doesn't matter that JNR is not a PM company.  Everything will be dumped, and dumped hard.   All we can do is wait 'til next week to see if the Greek bondholders accept the deal.  But hear me now, and believe me later: If the ISDA decides Greece is a credit event.....LOOK OUT BELOW!!!