Advanced Explorations Inc. ADEXF

RE:RE:RE:RE:RE:RE:XinXing gives 1 year extension on convertibles

[Hirk77]

fair enough...

I'm invested in this project because the deposit is so close to the ocean that it has a tremendous advantage to most other iron ore mines.

They are working together on a development plan, one for capital purposes as oppossed to share purposes. They (XX) could have taken advantage of them in this market but they didn't and the money isn't off the table but there are issues they're working through. The original agreement was to ship concentrate and now it's looking like DSO. It changes the fundamentals and that has to be figured out. They are working on the financing, clearly it's a challenge but I believe they can get it done.

Haywood oversold themselves and quite frankly it was a bad deal for us. Don't forget John was sick and away from the office at the time. They sold them a bill of goods that they simply couldn't deliver.

Bottom line, there it's lots left to do and it's really, really difficult for juniors in this market, everything takes longer and is harder to accomplish...we all wish it wasn't so but times will change again. When it does this project is still low hanging fruit.

GLTA