re: Ann: FUNDING AGREEMENT FOR REE PROJECT EX... Hi All,I did a...

re: Ann: FUNDING AGREEMENT FOR REE PROJECT EX... Hi All,

I did a quick search on Mr Sia Hok Kiang on Google and it seems he is more than just a geologist and he is a very successful business man.

I think we must all accept that either there will be dilution of our shareholdings or we will need to pay some interesting interest rates to get the Charlie Creek mine online. That said the low CAPEX of the project will reduce that amount compared to others.

There is another possibility and that is a takeoff deal which will possibly reduce the interest on a loan or increase the shareprice thus reducing dilution.

The real question being with the dilution or interest costs is whether Charlie Creek will support a substantially increased share price. I believe that the participation of Mr Sia Hok Kiang in CUX indicates it will.

I agree with you hastenbrucke that it was a shame there was not more local support. This is especially the case when you look at the support for PUC in Canada. But let's look at the bright side being that Mr Sia Hok Kiang may not have invested if CUX was not as distressed as it was and arguably still is.

IMHO this is the turning point for CUX.

Further hastenbrucke, I also hope that "... things progress as they deserve to do."

Of course do your own research.

Cheers

Stoops