POF JV Gold Deal
Posted by HardMoney in Opportunity Tuesday, 2 March 2010 11:24 No Comments
GOLD JV DEAL
All that you will need to supply to take part in this JV opportunity is a mt799 POF for 30mm. upon providing this you will be paid 16.5m a month for 1-5 years as long as your POF is being used.
To get started you first have to pass compliance and we need a copy of the instrument being used and CIS and Passport. Once compliance is approved you will receive the jv contract and then you will sign it and send it back with the mt799. One approved with the parties involved this will trigger the shipment of gold being bought by your jv partner and delivered to their refinery under the contracts they have for a profit. For you participation and the use of the MT799 instrument you will receive 1/3rd the profit from the buy and sell of the gold. The following is how it will work.
Deal Size: 6000 Kg per month (this is a contract offering that is larger than the average deal size of 1000 to 4000 Kg per month)
Market: this deal is exclusive and is not being shopped around at the moment because of the relationship Phillip has with the JV company.
Needed by JV Partner: The JV partner needs a SBLC of $30,000,000.00 USD – This SBLC will be verified as valid thru Bank to Bank communications.
Access to SBLC: The SBLC is NOT accessible by anyone other than the JV INVESTOR (your investor).
Term: Month to Month and the JV relationship between the Investor and JV Partner can be terminated anytime after the 2nd or 3rd month If they want but will only be paid for 5 months of the contract deal. But, the typical ‘term’ is one year with rolls and extensions to 5 years.
Funds in SBLC: Funds in the SBLC must remain ‘intact’ and untouched during the term of the JV partnership. Again, the SBLC funds will not be used in anyway by the JV Partner – but the JV Investor also needs to leave the SBLC alone as well.
Profits: The JV Investor will be paid $16,500,000.00+ per month during the term of the JV relationship.
Investment amount: $0.00 – All that the Buyer/Investor needs to ‘bring to the table’ is a verifiable SBLC of $30MM USD. Once that is proven thru Bank to Bank communications (ie… MT-799), the JV Partnership documentation is drawn up and then submitted thru to the appropriate government agencies. The first shipment goes out after the paperwork is all done which is usually less than 15 days during this time the gold is shipped and moved to the refinery( all taken care of in the costs) then within 5 days the refinery pays out and it goes to the paymaster which is then sent to all parties involved.
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