MyTake: JFSL WANTS MORE MONEY & CONSTRUCTION CONTRACT- as I 'SUSPECTED', FT has NOT RECEIVED TSX APPROVAL for SECOND CONVERTIBLE DEBENTURE (?)
- therefore, it CAN'T EXECUTE LIND PARTNERS LOAN AGREEMENT and GET HOLD of the CASH to CLOSE JFSL property sale
- since the JFSL OPTION CONTRACT EXPIRED, JFSL is NO LONGER BOUND to ANY of the CONDITIONS SPECIFIED in the SALES CONTRACT
- so, NEGOTIATIONS are ONGOING and JFSL is in a MUCH STRONGER POSITION since this PROPOSED METAL REFINERY SITE FITS LIKE a GLOVE in the overall MASTER PLAN of Fortune Minerals
- another thing:
* NOW, that JFSL has SEEN that FT has RECEIVED $ 16.2 million in GOVERNMENT GRANT MONEY, the chances of a metal refinery CONSTRUCTION INCREASES DRAMATUCALLY which was NOT the CASE from the TIME of the ORIGINAL SALES AGREEMENT
- the OWNERS of JFSL have CONSTRUCTION KNOWLEGE and EXPERIENCE and are PIVOTING the SALE of the JFSL property site into an OFFICIAL BUILDING CONTRACT for the RENOVATION and BUILDOUT of the NEW Fortune Minerals METALLURGICAL REFINERY at the site
z173