All good points crew, and without Whaler leading the charge. First, Victor, 2011? Hang on there buddy. Put the time machine in reverse and lets see what happens in 2010 first lol.

Once again shareholders have to do some digging to find out what management is up to. $6,000,000 is a lot of coin to bury inside the MD&A report. That should have been a press release minimum. Here we are hoping to get some insite into the Micon report and instead we get hit with this piece of shrapnel.

I agree with EB that more info is needed but its not like we are going to see any regarding this loan.

I do find it odd that we just get through the worst credit crises since the dirty 30's and suddenly we are lending money to another mining entity. WTF? As far as I read the news it does look like the company can call the loan in at any time. And unlike what Wild said, to me we seem to have a lien on all their mining properties and any other mining properties the mystery company may aquire.

I find the interest rate to be very soft. Those are terms for a utility company not a mining company with much higher risk. Therefore can we assume that there is a strategy behind this loan? Potentially acquiring some property that may help a Langmuir deal? Hopefully something that was not arm's length to the benefit of management and directors. God forbid.

So once again folks we look for answers and instead end up with many more questions. Management must become much more responsible to its owners.

Wild, I'll look into your burn rate theme. My guess is that you are including some non-cash items in that $1,000,000 per month spending. I'm no expert but I'll review the financials again.

2010 better be the year when all this horse trading makes some sense.