Spidey:

I know CLL is above last years price, not by much though.

CLL is a long term play,investors know this...That's why the SP spiked to $5.25 after showing a 1st quarter loss..

I really don't think CLL would be scrambling for financing.

What you or I think is irrelevant,, as a company with an aggressive expansion plan you can't take that chance..YUP SP would be doing real well if Algar was approved and CLL couldn't get financing at a reasonable cost and had to further dilute.

If CLL waited until approval came then it might have taken a few months to secure financing. The wasted interest in the past year would be money in the bank instead of an expense gone out the door.

Please tell me you're not that naive, approval is expected in mid summer, waiting a few months to acquire financing would not only have pushed the construction further into the winter, it would have signalled to investors that CLL management isn't forward thinking.. PLEASE don't tell me that you honestly believe that all that cash sitting in CLL bank accounts wasn't earning any investment income.

DG has made some great moves but I think he blew it on the financing one.

You can think whatever you want, considering the SP rose by 25% after posting a 1st quarter loss, I'd say those that count think otherwise.

Here's a question, would you rather spend $30 million in interest, just to be comfortable, or wait for approval then work or "scramble"as you call it for financing once you have secured the next approval.

Here's a question for you,,The financing deal was announced Nov 19 2007..What were the headlines then? I'll tell you,, PANIC,, the SUB PRIME MORTGAGE scandal was becoming a major concern, financial markets were panicking and financial institutions were tighten up lending..DG was smart, he judged that considering the market he'd be best off locking in financing while the getting was good..

If the "scramble" took 2 months, would 2 months of Algar production make up $30 million, remember also that when they secured financing they paid a penalty of $ 1.6 million to pay off debt, another waste.

The operative word in your statement is IF,, what if it took 6 months to acquire financing. How much higher would labour, material and energy costs be? It's easy to look back and make comments..We've been lucky so far, the market wasn't as panicky about the sub prime as everyone thought..What if the predicted armageddon had occurred..Would CLL have even been able to get financing..NO the interest paid is well worth it.. POD2 material has been pre-ordered at a lower cost and will be ready to go the second approval is announced..Waiting around for financing would cost far more than any interest paid.

So if you think I'm an idiot because I think he blew it on the financing part then go ahead.

No I think that you're not capable of seeing the long term big picture.. Let me ask you a question..If you were buying a house in a very volatile market, would you pay a higher interest rate for a long term mortgage,,or gamble on short term?

Gussella made the right choice,,It's a long term project..when the market is volatile,,get the financing while the getting is good..

I put my money where my mouth is.

I put my money into sound LONG TERM INVESTMENTS, which is why I've been accumulating CLL for over 3 years.

I sold some at $5.18, tried to sell some more at $5.30 but it didn't hit. As Kramer would do I have been buying again once it hit $4.90 and all along down.

If Kramer is your guide, then sorry, now I do think you're an idiot..Your trading pattern indicates you're into buying and selling short term,,which is okay,,this explains your frustration as to why a LONG TERM play isn't meeting your expectations

I have been buying because I see this as a $6.75 stock by August. Even with the financing farce.

Well then you'd better get yourself a good glass of beer to cry in,,cause it ain't gonna happen..( HOPE I'M WRONG). Algar approval, 2nd quarter and drilling results may increase the trading range to $5.50 - $6.....I don't think you'll see $6.75 till at least January.