RE: RE: Perspective for 2012 Yogi I just read the MNDA on Sedar. I was unaware of the short term Bolivian loans...yikes. Where did those come from? And assets attached as collateral if they can't repay...As for the additional $5 million bond for EVBC, is this in addition to the $5 that was mentioned in the last conference call? I don't think so. Seems we have known about this for awhile unless I am mistaken. If I remember correctly from the call they need $15 million more ($5 million for the bond and another $10 for EVBC development). They still have time to figure out the funds for Copperwood. JV most likely in the cards.
I do think these issues and all the uncertainty are priced in at a $1 per share. It will go lower if they take too long to obtain the financing. Seems they have exhausted their options with Credit Swiss but who really knows. Fabulosa will save the day if needed in my opinion. They have to. They have way too much invested here for things to implode. That is one of the advantages of having a shareholder holding such a large of the float. On that topic, ORV directors and officers only hold about 1% of the shares. I never liked that aspect but chose to ignore it.