IESV Message Board - Msg: 24094494

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Gold/Mining/Energy : IESV

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From: Purl Gurl	11/29/2007 2:30:03 PM
	of 87

Lender For Nov 29 News Appears this lender referenced in today's news is "The Industrial Development Corporation of Gooding County, Idaho" sec.gov During my last conversation with Steve Ellis a mention was made by Steve of an intent by Intrepid to payoff Cornell to eliminate the ongoing Cornell dilution. The last funding by IDC was just over seven-million dollars at a reasonable interest rate and time frame. No dilution results from this type of lending. Steve indicates Intrepid needs three-million dollars to payoff Cornell and Intrepid wants very much to eliminate Cornell from company books. Today's news does seem very positive related to restructuring of Intrepid's debt position. Clearly debt may increase, at least a new lender but Cornell may very well be eliminated which should allow share price to slowly move upward with the ending of Cornell dilution. Purl Gurl

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