Hi Midas

Keep in mind that CRRC is not accessing the China Development Bank monies. They are doing it themselves so that frees up funds for Hugo and his gang to waste on their own projects. Venezuela also gets out of their arbitration problem as you mentioned. This permit gets done. I'm sure of it......

The stock price will have to reach CAD 3.00 or greater 6 months + 45 days after permit (16.445 million warrants) and CAD 4.25 after 18 months + 45 days after permit (12.250 million warrants) for warrant holders to exercise. Something to keep in mind.

and don't forget those 3,000,000 warrants @ CAD 30 cents (page 54 of Annual report)

So 3,000,000 warrants for sure and a big question mark on the others!

Teutracker