Crimea is our joint venture operating co in Ukraine. 85% owned by AWD, so our commitment is a given and won't be announced.
1st Ann will be that Euro loan has landed in bank account. Was said that this money is already on the way, so would expect it early next week(?).
As Phone said this money is required to fulfil a condition precedent of the Gres loan. It was also said that the bank guarantee provider was ready to go and that Gres was ready and in fact saying c'mon let's go to AWD. So I guess they need 10 banking days (from the date at which AWD has more than 1.5 mill in the bank) to do whatever banky types do.
Don't know if there will be two anns or just one when credit line becomes available.
Also think the volume traded today is interesting and can only surmise that not everybody reads hotcopper or talks to management as remirez suggested. But I do thank the seller who sold me 25 million oppies couple days ago and feel for the guy behind me who only picked up 300K. Maybe might be more sellers yet for you. Good luck!
As for spud announcement, don't think we'll be getting that before Gres loan but maybe we'll get contract finalised/signed, followed by mobilisation. Then the fun will really begin.
AWD Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
