GREY:ADEXF - Post by User
Post by
HVAN1on Dec 21, 2012 2:46pm
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Post# 20762407
Word Games
Word Games We've learned from AXI what "Anik" means in Inkuktitut, and now we know what "Savik" means too. Now that Gingerich has given us some cultural broadening, maybe he should explain in plain English the following sentence in today's press release:
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"The Company awaits final direction from its partner XDIP as to how its potential interest in Savik is to be structured."
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Awaiting direction for what? The framework agreement is absolutely clear how XDIP's interest in Savik/Roche Bay is structured: $50 million and a project financing commitment up to $1 billion for a 50% interest on the project level and 50% offtake.
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Has XinXing refused to abide by the terms of this framework agreement? Yes or No? If XinXing has refused to honor its agreement from 2010 then that is material information that must be revealed to investors.