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Banca Ifis is an independent banking group specializing in the collection of trade receivables, non-performing loans, and tax receivables. The group's credit is exposed mostly to Italy and other European nations. Its trade receivables segment focuses on growing trade finance loans and providing liquidity to Italian small and medium-sized enterprises. Approximately one-third of its loan... see more

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Banca I.F.I.S Spa > Great news again.

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Post by Titanwon on Apr 04, 2014 9:33am

Great news again.

Much more to come in the months ahead. An absolute steal at the current price but not for long. They have a plan [a real plan] and are executing it.

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Comment by bossman on Apr 04, 2014 9:38am

403 tons sold. Spiros is doing a awsome job sellin this graphite. The graphite is still being sold to Mexican companies now. Just wait untill the day they announce Us and Canada buyers.

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Comment by Gmachine on Apr 04, 2014 9:41am

I believe an off-take agreement is also in the works to secure the product going forward.

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Comment by bossman on Apr 04, 2014 9:46am

I believe the same. I am wondering if this graphite sold is to the same company they have made thier other sales too. Also if it is the same company buying it mayby the offtake deal will come from them.

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Comment by Titanwon on Apr 04, 2014 9:52am

Exactly. As of now we dont know who the buyer is but it will be known soon enough. They will have no problem selling their graphite. The potential going forward is enormous.

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Comment by goofenoff on Apr 04, 2014 10:10am

I believe Big North needs to show consistent grade and quantity of production before off-take can be considered by buyer, or show reserves/resources substantiated by third party (FS). This recent sale is a good step in the right direction and gives me personally great confidence in having invested in this endeavore.

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Comment by goofenoff on Apr 04, 2014 10:17am

...and to put my money where my mouth is I just lucked out in getting another chunk of shares @0.075. I was needlessly worried about it not getting filled. That is the realistic market, more down then up.

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Comment by bmeister2 on Apr 04, 2014 10:43am

I agree it is great news that we are selling ,and am hoping for an off-take agreement soon so that we stay out in front of the competition. My only concern is that I wish the options price had been higher than .10 cents,or a shorter than 5 year duration. I think it would give more confidence to us retail buyers. Just my opinion.

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