RE: Money coming to Cline from Mitsui?Makes sense that Mitsui Matsushima Austrailia Pty. Ltd is the one who finances. Aatwal posted a response from Ernest at CMK saying
"Andy, what can I say other than that we have been working and continue to work very hard at getting a financing done that is equitable for all concerned. "
Key word here is "equitable".
So how much more of Cline mining is Mitsui going to be buying? Given Ken Bates was the President of Mitsui Canada in the past it is not surprising that Mitsui might gets a sweetheart deal. What would this deal cover though? We are a week away from being one full year into the 2 year loan period when Mitsui loaned Cline the cash to finalize the deal to purchase New Elk.
Unfortunately Cline completely missed the financing boat when the price was high.
I am trying to find pictures of Ken Bates where there is evidence strings attached to him....
Who does Ken work for, Mitsui? or Cline?