It appears that HBK is in no rush to fill the 1.3 million of the proposed 4 million debt financing. ( 1st tranche of 2.7 million closed some time ago)

I, along with others I have spoken with, are aware that there are multiple proposals/offers to fill the balance + even more.

HBk can wait till they require the balance of funds for start up and perhaps get a better deal for HBK and shareholders on this second tranche or is there something else going on?

When i say, going on, I put pieces of DD together and keep coming back to a JV deal. if there are discussions with potential JV partners, one of which is heildeburg, then further debt fiancing may not be required as a JV partner like heildelburg or perhaps lafarge have the deep pockets to take of everything and in exchange, the partner gets a royalty per ton for payback etc.

There is some serious discussions going on and because I do not see the balance of financing closing, when I know there are many proposals on HBK desk, it leads me to believe that we are in for one heck of a surprise if indeed HBK finalizes a JV agreement!