Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Message: Re: NEWS PREP

Oct 12, 2010 09:33AM

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Oct 14, 2010 12:00PM
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Oct 14, 2010 01:58PM

Wanderer,

I do take exception with your statement only because imho it is incorrect.

You said “I originally heard a while back that we expected to pay our debt to JJ by the end of next year and not May 2011. Dates are not cast in stone in the legal paperwork.”

It is a convertible debt contract and is very clear in the financial reports...very clear, so Tantalon is correct. I think you refer to Mr. Nash’s comment about debt repayment is somewhat flexible. I agree with that comment but it was in reference to the short term debt obligations.

The overhanging debt is still a major concern to investors. As far as Redstone goes; this type of thing is par for the course with mining. It may or may not be a significant problem. Only time will tell as information becomes available.

One thing I just did not like was the 69% increase in production was put out prior to the recent. It was then combined with the bad news at a later date. It was a poop sandwich imho.

Cheers

ebf

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