RE: 8K - BMThat would actually make sense to me. I mean it would be a gift if the chinese gave them 6MM upfront. Me having a business degree know that you have to give to receive in business. So I highly doubt if the chinese would make a business decision to give up all that they committed up front with no kind of insurance or I should probably say "assurance".
Whenever an 8-k comes out I would bet they atleast got 1 to 2 million from the chinese simply to pay the land owner. (it may be a little more with the hiring of TANZINEX)
Then the chinese wil probably come out and check out the land again now that DLKM is in a better position to show off the land they are in joint venture with. They'll take some samples and make sure its all good.. and then they release probably another million or 2 so DLKM can continue paying TANZINEX and get all the equipment needed to prepare for production as well as get the mining permit
Then they'll release the other 2-3 million just for working capital and other miscellanous duties..
So I wouldn't be surprise because it makes sense to me. But the way I hear people on here they seem to think they should just get 6MM up front... If they get it.. like i said it would be a gift...
Also most folks are going to play on the words that they said they got 6mm from the Chinese. But if you read it they said they were in a $6MM "financing" partnership. Financing.. not "given".. so they probably committed to 6MM and will draw on it as needed.
Like a construction loan.. You dont just get the money up front.. you get the money as you submit your AIA's or invoices..
DLKM will get there money as the submit there invoice..and so far they probably submitted for the $1MM to pay the land owner and another 500k to 1mm to pay TANZINEX and other cost..
And if they get tight they can keep taking donation from BM. :-)