Going through the November 13 interim financial statements I noticed that in August ECU restructured its long term debt facilities and excluded the San Diego property as security (see below).

I assume that by doing that, the first dispute with GOG has been resolved.

I guess the second dispute had been resolved by stopping to transport material from San Diego, so hopefully both issues are settled now.

DCFM

"In August 2009 the Company restructured its long term debt facilities with its principal lender. The amount

outstanding at the time of the restructuring of $15,750,000 US Dollars, together with an additional amount of

$868,541 US Dollars representing interest due, were consolidated into a new loan of $16,618,541 US Dollars.

As at period end the Company owed $17,793,472 ($16,618,541 US Dollars). No principal repayment is required

until November 30, 2010 following which principal will be repayable in equal monthly instalments for 12 months.

Interest is payable quarterly and is calculated at the greater of 12% and 1-month London Interbank Offered Rate

plus 6%. The effective rate of interest on the loans is 12.8%. The loans are secured by a first mortgage covering

the current mining properties of the Company's Mexican subsidiaries, except the San Diego property, as well as the current and future facilities constructed thereon."