RE: RE: RE: NEWS outThis is actually a pretty significant news release. The $2 million hurdle will be cleared. Green light buy on this play now in anticipation of more drill holes.
Further to its press release of 19th November 2010, Ecometals Limited(the "Company") is pleased to announce that prepayment has commencedwith regards the first tranche of US$2m in respect of the sale of itsCondor Gold project. The closing of the sale transaction is expected toclose on or before 30th December 2010, with the balance of the firsttranche paid by that date.
Prepayment has commenced. The first tranche is the $2,000,000. Pretty hard to spin it any other way. $2,000,000 pretty much means $7,000,000 as I can't see them leaving that kind of money on the table.
Cheers,
K