That Pedro has been bashing from day 1 and now is interpreting it that 50% of gross profits go to creditors where it's .50/ton!!!
AMAZINGLY STRONG BUY IMO
DYODD & don't let Cubed's posts that simply say "Bankruptcy" without checking to see if it has been worked out, scare you!!!
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4 comments:
Good news:
The Judge vacated the Default on the Mineral Lease Contracts and will allow Gwenco to extract coal.
Bad news:
No mining until July 21st.
This Order shall become FINAL on July 21, 2008 as to each lease and executory
contract Assumed under this Order, ………..
The no mining part is the basher's interpretation..right?
. This Order shall become FINAL on July 21, 2008 as to each lease and executory contract Assumed under this Order, as restated by agreement dated June 24, 2008, unless a party in interest files an Objection with the Clerk of this Court on or before July 18, 2008, regarding
The contracts don't go into force until the objection period is over.
I don't see any where in the document that says production can not start until 21.I think some one is mis reading this. Maybe it is me but I don't think so
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