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Message: FYI: if this helps
I sent Mr. Kaiser an email. This was his response.
Tolling on SFMI is working out for the Company. Revenues are increasing as well as the number of miners bring materials to the Diamond Creek Mill. Cash flows will and have been utilized to pay down, pay off and put monies in the till for opeational uses. We still owe Illiad $13,000.00 and JMJ gets to sell $3500.00 per day to pay down there loans. The JMJ is a structured sale worked out with Company and timed with Company and JMJ's broker, Illiad has no such arrangment and has been a major reason for dilution and current downward pricing in stock.
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May 22, 2014 11:09AM
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