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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 > mining permits

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Post by bossman on May 20, 2014 5:56pm

mining permits

My understanding is the mining permits have lapsed and nrt needs to get the renewed. If this is all true then mayby that is all that is holding nrt back from getting a offtake deal. How much money would be involved with getting El Tejon up and running. Any thoughts on this?

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Comment by TheCardinal on May 20, 2014 6:37pm

Well, that seals the deal. Expect a Private Placement and a 10-into-1 rollback

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Comment by bludogg on May 20, 2014 9:55pm

I HOPE YOU ARE JOKING, WHAT COMPANY IN THEIR RIGHT MIND ie SUPPOSEDLY ON THE EDGE OF INCREASED PRODUCTION WOULD BE DUM, DUMB, DUMMER TO LET A MINING PERMIT LAPSE...REALLY THIS IS *(^^*(^&*(^(*&(*)...

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Comment by bmeister2 on May 21, 2014 11:32am

This post has been removed in accordance with Community Policy

Comment by Gmachine on May 21, 2014 12:12pm

If this is Fact, we as sharholders need to know,if this is not true please leave the garbage on another board..Long and Strong..

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Comment by sjannes on May 21, 2014 1:00pm

Reading back I have the impression that Bossman is refering to the El Tejon mine which was only acquired in februari of this year. Considering that mine had been on Care and Maintenance for quitte some years it would not be surprising that the mining permits had lapsed and that NRT is now looking to renew them. Pending that application i can imagine that no offtake agreements are being made as it ...more

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