H&B are at pains to impress upon potential investors that Gip are chomping through the cash with both Abu D and Allaqi as developing projects and dont seem to carry the positive attitude that Gip management do about the Allaqi tenaments.But I suppose thats fair enough seeing we know nothing about the continuity of the gold until at least some of the drilling is done.
My guess is that with the PoG on the up and up we may see a float of these assets in the not too distant future on possible confirmation of the gold continuity.Assuming its there of course.
I hate to open old wounds but once again Gip have not come forward with any info regarding the bulk sample testing and hence the finance for Abu D.H&B have put a project/mine construction time frame of 14/16 months on Abu D and the report also makes mention of the expiry of KG's beloved options and the potential for those options to dilute the current market cap.For these options to be decently in the money come expiry imo Abu D would have to be producing at least several months beforehand.
In other words to get KG well into the money Abu D finance has to progress quite soon and thats not too mention the required equity raising they will also have to do to raise the balance for Abu D.
But then I suppose theres the ace kicker of the gold up Gip's sleeve.Thats IF indeed its an ace and not just a joker.
d
AR1 Price at posting:
0.0¢ Sentiment: None Disclosure: Held
