Camrova Resources Inc V.CAV.H

RE:RE:good news!....

[mining_pays_my_bills]

It's great- their interest rate is down from 13 to 4%, they don't have to contribute at all unless project goes over 1.75B$ , and they don't have to pay the manganese penalty of 10M$ in lump sum - they can pay it from cash flow after operations begin (and in fact, if the board decides to product manganese KORES will owe BAJ 13M$, that'll double our market cap right there). These things all contributed to BAJ being a "going concern", because BAJ wouldn't have the cash to pay it, but now that they are nonissues the likelihood of insolvency is tiny. Further, all the lingo in that news release suggests that the mine will be completed and go into production- ie: BAJ doesn't have to pay KORES, nor KORES pay BAJ penalties in lump sum, but rather from CASH FLOW from operations. And they're converting debt into equity in the mine. The mine doesn't have much equity unless it's a production operation. I suspect more good news to come in the next weeks/months, so I am holding on longer.