GREY:GLBCF - Post by User
Post by
Dirt2Oil13on Feb 04, 2015 12:17pm
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Post# 23395113
One Opinion
One Opinion Like everyone on the outside this is only me reading and yes guessing between the lines.IMHL owes Rubial's Dept to Invest Project and either have the money or not.If they have it they may be in negotiations to pay it in Rubal's or US dollars the Rubal is worth half of what it was so me I would rather have US money.If they do not have the money they can be negotiating for time to pay.If they can't pay the dept goes back to Rubial to pay and they would have three or more months to pay Invest back.After that Invest may sue for the lease for Karakul.I hope it does not come to that but worse case.The lease for the sister properties is in a different company's name.
it is not time to panic and GCO has no control over what happens or how fast it get completed if IMHL payes in dollars it is 11 million plus a bit and if they pay in Rubals it is about half that.This is no surprise it was something GCO and IMHL new I am guessing Invest Project because of problems in Russia decided they wanted there money now.But hey it was a loan and they called it in.Dirt2Oil13