re: Ann: Shareholder update Amayapampa, Aust ... Not quite the announcement we were hoping for. It certainly affirms the view that, if Amayapampa doesn't get off the ground, they may as well retire, rather than burning more investor's money.
I'm not sure whether putting all other assests on the market is indicative of expecting a positive bfs. A more likely scenario is that the benefit-cost ratio is coming in tight. By cutting other operating costs and filling the account with the revenue of asset sales would improve the overall company structure and make Amayapampa a more worthwhile project.
I guess its all speculation until we get the numbers...
P.S. to Sentia: it has been a pattern for the years I have followed RAU that you get increased share trading activity a day prior to the ann. So, I would call it a leaky ship.
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