re: Ann: FUT: FUTURE CORP TO INVEST IN COAL S... WoodchipsYou...

re: Ann: FUT: FUTURE CORP TO INVEST IN COAL S... Woodchips
You are hoping not basing your comments on facts....

"...by then they will have proven up their resource"

are these new reserves you are expecting to support the companys shareprice expected to come from the assets that have just been farmed out and valued EPGs holding at roughly $5.5mil????? I would say that the price reflected that those projects were high risk in which case pinning your hopes on success here is misplaced....

Nothing is assured at Folschviller if it was do you not think EPG would have tested it a long time ago???

As for placing your hope in an equity raising I would expect that the shareprice would fall significantly as the debt expiry drew closer especially if no further progress has been made, in which case shareholders would need to be prepared to put up a packet more cash...I would hope that EPG would be able to refinance their debt....
Not much has happened in the past 18months lets hope the same does not happen going forward...

If some of the other projects were not put on the table to be farmed out then EPG were not doing their job....

Remember actions speak louder than words!!!