RE: RE: AGM Notice(reply) Like I speculated previously, there's a chance that Bates will deliver a sales contract in time for the AGM.
Even at cost or slightly at a loss, it will help with the cash flow as they fully develop the mine.
Also, if they are indeed in need of additional financing, I'm hoping that Bates is on the phone with Mitsui for a bridge loan. Remember Bates and Mitsui share a long history, with Mitsui as a strategic partner and Bates being at one time president of Mitsui Canada. Also, Mitsui was the provider of seed funding for Cline in the early days and as well the funding source for the aquisition of New Elk. Previously, Mitsui had provided Cline with money thru PPs priced at $1.50.
At todays SP, it's in no man's land and could easily move lower on momemtum alone. Let's get this downward movement over with, get it solidly into oversold territory and I'll be there as a willing buyer to play this valuable commodity once again for hopefully a buyout.