Condor newsI think this deal is as good as done at this point.
It is easy for people to critisize mgmt. but I do not think these people have alot of first hand experience making deals of this magnitude. Obviously everyone would prefer a $9 million dollar cheque in their hands instantly after a handshake, but it just doesn't work that way my friends. In the real world you have to work these deals and press and play and threaten and bluff. All companies do this. The difference here is that Ecometals has tried to keep us abreast of what's going on through news releases.
If this was Barick or Goldcorp they would mention the deal with escrow arrangement once done and not before. Come on people, grow up. The wording of the press release is pretty straightforward; I understood it quite well. The lawyers will worry about proper wording on the agreement and we are not privy to that. The bottom line is we have another 100K for our troubles, good motivation to close in 30 days with another 8.9M in our pocket, or another 100K in 30 days with 8.8M after 60 days. If the deal falls through we keep Condor with 200k in the bank. NOT BAD!!
Ecometals is looking better and better long term as far as I am concerned.