TSXV:FCO.H - Post by User
Comment by
focsleon Jul 10, 2010 12:15pm
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Post# 17259630
RE: RE: RE: RE: FCO Email i recieved this morning
RE: RE: RE: RE: FCO Email i recieved this morningJohn-
You still didn't answer my question about financing, you claim there is a problem. What specifically are the problems?
You start to rail about the coalcorp deal again, instead. You claim there is no money to payback the loan, where did you hear that? Where does it say FCO will have to begin making payments right away? What if it is a lump sum payment at the end of the term? And more railing about the bonus again, we have heard that before ad nauseam. These issues you raise don't seem to be "problems". More like pet peeves of yours. I consider it a problem when no one will lend you money period. Is that what you are saying? FCO has exhausted all of it's financing options and no one will lend them any money? If you can't get a car loan, that's a problem because now you are going to have to walk. Again what specific problems with FCO's financing efforts are problematic for completing the mine? A simple bullet type list would be most informative for the board here, if these problems can be brought to the light of day, then we will all be better informed.
Your second paragraph seems to be more coalcorp ramblings, when all I asked was, Is it a good deal if it ends up being a short term loan. That's a yes or a no type question.
Also you allude to financing being available around the time the ROD was taken back by the USFS for some technical issues. Where was that financing coming from back then? Who was gong to loan us the money back then? Just curious. And if there was a lender on line back then, why would they not step forward now? Because of the so called "bonuses"? That would seem unlikely.
Thanks in advance.