RE:RE:Coverage ...Heystupid, I guess my post did come across as being a bit negative, however that
was not my intent. I am on record as saying our value is not going to come from
selling hundredweight bags of fertilizer to the locals. This is just a quick and easy
market to get into while we develop tonnage figures for the industrial side of Mn
use. With the "recession" hitting China and of course Brazil, how does that impact
Sentient's development chart for this project. It's the big time, long-term steel industry
contracts that will rocket this stock, not so much the agricultural avenue.
That being said, I'm still looking forward to some positive resource news, the cashing
in of warrants and the associated financing to get us to that 40% ownership figure. Our
SP will rise, but will we then sit at that level for however long it takes for the world
demand for industrial Mn to rise?
I get the feeling that Sentient is comfortable with their roughly 50% interest in CNY and
will keep it to around that level with the upcoming financing. At fully diluted right now,
their % would be just under 52%. They will participate, but will do it on a current pro rata
basis. That does give them 80% of the whole kit and kaboodle. If they end up making
a few billion, we will also have our pocketbooks well lined. And I'm all for that ...