Willbrich1day

you wote,

"We will now be carrying interest on a loan for POD 2 that won't be producing for about 2 years give or take. While CLL is a good story long term, short term, I can see why some investors are staying away. We're suffering short term pains for long term gains I guess. "

I don't think that carrying interest has anything to do with investors staying away..there seems to be a few things that you're overlooking.

1- the loan was secured at a favourable rate, prime plus 4.5, at a time when the mortgage scandal was breaking out in the States and credit availability was drying up.

2-The loans have secured financing up to and including POD2, therefore there is no need for further share issues . What's worse for SP, loan interest or dilution?

3- The financing cloud has been removed for project completion,at least investors know CLL will at least become a 2ok/ day producer.

3- MOST importantly if oil does hit $150 a barrel then expect a huge infaltion increase with corresponding interest rate hikes. If rates go thru the roof as some predict then CLL is insulated..( providing the rate for CLL is fixed and not variable)

When all thing are considered the loan in my oppinion was a coup for CLL..

CLL is majorly undervalued..I think it's mostly because only about 9% of shares are held by institutions. The rest are held by people like me..

Price will rise when institution start adding them to their holdings. Problem is that the majority of shareholders aren't willing to part with their shares for what the institutions are willing to pay..It's a waiting game to see if private holders are willing to outlast the institutions.