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Strategic Asset Leasing In LEAS
Posted On: 04/26/2013 9:23:44 AM
Post# of 958
Posted By: Kgem
Re: Lumberg #474

Good Morning Lumberg.  Yes Li did purchase additional concessions in the Maricunga.  However, those concessions were legacy concessions which are not affected by Chilean lithium mining restrictions.  Are MMTE's non-existent concessions in this same category?


Let me guess --- NO ONE KNOWS.  You see, no one ever seen the agreements for these concessions, and that is why it is doubtful we still have them.  William told me he did not have to pay for the concessions "up front" and instead paid installments.  William also told me that full payment was not required unless Chilean laws changed to allow mining --- which never happened.  So where oh where is the money?


I can understand the desire to still have hope when someone swindles one out of every single penny invested.  But at some point reality must set in, and one must wake up and smell the coffee.  Oh wait, that might have been a clue for MMTE investors when William restarted SIPC.





















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