Ann: Non Renounceable Entitlement Offer, page-158

I thought something similar what you said@7seven7 , before the latest capital raising. However, what swayed me is the 'dead aunts' that have been happening for quite a while now, ever since LD was supposed to produce a 'clean concentrate', first said some years ago. We've also heard a few times, that non-diluting methods of raising capital were going to be used among and, among other things, lots of money coming from the arbitration. Given the pattern, I have to anticipate that a future dead aunt will be that equipment and arbitration income will be consumed by Las Lagunus project closure costs and 'admin' expenses. Or maybe that a key potential investor has pulled out.

Given that the JV hasn't already sold part of LD or any of the other concessions, even though gold and copper prices are relatively high, I have to conclude that potential buyers doing due diligence have found that the various concessions are just not economic enough, or that Cuba, under the influence of US sanctions is just too risky. That doesn't look like it will change any time soon, so I don't hold out much hope that the sale of assets is going to return much.

If AAU survives, it's share price should go lower before it goes higher. I feel I have time to wait and see what happens before I think about re-investing.