Camrova Resources Inc V.CAV.H

LDCMS still buying 70% of Baja production?

[mining_pays_my_bills]

So Baja has setlled with LDCMS, saying that the Sept 28, 2010 agreement with LDCMS is terminated, and shall be treated as though it never existed. That agreement stated that LDCMS would provide BAJ with $35M dollar line of credit to draw from for cost over runs, and any money that BAJ drew would be converted into BAJ stock for LDCMS at a price of 1.10$ per share. Ok, so that's terminated, fine. What about the June 7, 2010 BAJ news release that discussed a Letter of Intent from LDCMS whereby they agreed to purchase 70% of Baja's share of the commodities from Boleo for the first 10 yrs of operation? I couldn't find anything about that agreement ever being terminated. Maybe that's what they were talking about in the Dec 23, 2013 news release when they said LDCMS is looking forward to a long and prosperous relationship with Baja? That would be great. Anybody been following this stock long enough to recall any news release or statement that voids that letter of intent? I mean if they're coming online in a few weeks, and they own 10% of a $1.8B mine, and they may have a guaranteed buyer for their product.... it doesn't get better than that. They've got assets in the $150M range, and possibly a guaranteed revenue stream for the future. This is way undervalued at a market cap of $15M.