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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (11853)	3/26/2015 8:28:09 AM
From: Goose94	Read Replies (1) \| Respond to of 202448

Brilliant Resources (BLT-V) has received $9.4-million from the government of Equatorial Guinea, which has now paid a total of $29.5-million. Brilliant is entitled to one more payment of $1.92-million before the end of the month. A month ago it was unclear if the company would receive anything, as the despot-run country was 13 days late with its first payment. It agreed to pay $31.5-million in stages, in exchange for Brilliant dropping an $80-million arbitration claim against the country. The company has 149 million shares outstanding and now $36-million in working capital, which it plans to use acquiring a new story. It was supposed to be working in Equatorial Guinea, but after an $8-million airborne survey over the entire country, the government failed to grant Brilliant any exploration claims. This was probably a good thing, as Equatorial Guinea is not the easiest place to do business. Its dictator, El Jefe, says he can talk to God and he likes to accuse foreigners of witchcraft. Brilliant used to be a nickel miner in Australia, but when the price of nickel dropped in 2009 it sold its half of the Lafranchi mine to an Australian joint venturer for $24-million.