GREY:LBEFF - Post by User
Comment by
JohnEStromJron Dec 31, 2009 9:51pm
200 Views
Post# 16630765
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: th
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: thYapping Yorkie,
You act like Liberty Mines HAD to take THAT deal. There are thousands of other opportunities that could have worked. What don't YOU understand? You act like Jilin Jien was THEIR only option. They were to desperate and made, in my opinion, a lousy deal - giving up controlling interest for a 51% share of the company backed by another "loan" which gave a further interest in Liberty Mines up to 76.8% and further, if they don't pay at least one of the loans on time could take them well over 85%. Yep, I'll be YOU think this is a really good deal. Idiot.
Liberty Mines says they have a 2000 metric tonne mill. They should rather say, when the final ball mill is installed, and the mill is up and running WILL BE a 2000 metric tonne mill. They are saying they HAVE the mill - no, they are building the mill. There IS a difference. Just like saying they HAVE three mines. They don't currently have three mines. Right now t hey have one in production [Redstone] another to go into full production in early 2010 [McWatters] and a third which will go into pre-production in late 2010. That is NOT "currently having" three mines.
Nitpicking? Facts are facts. Liberty having three mines is NOT a fact. Liberty Mines having a 2000 metric tonne mill operatonal now, as they suggest, is NOT a fact.