Ann: Significant High-Grade Gold Results from Rose of Denmark, page-18

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18 Posts.

27/03/18

14:32

Post #: 32058790
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Originally posted by Kranky ↑

Capitarn

The $10 mill was with held by Chillee - the mob that were going to fund MCO before they pulled the pin on the funding.

AUL has already negotiated with Chillee and paid out the monies to pick up the MS mine and tenements via MCO structure.

Chillee is now out of the picture.

Shandong via Minjar own a 51% stake in the RoD tenement and hence a share in the cost for exploration/drilling, mine improvements, upkeep, etc.

We are assuming that (just as Tom said in the presso) that as AUL is 2/3rd through the current drilling program that AUL would be in discussions with Shandong re reimbursement of these costs and "go forward" with this project.

We can all speculate as to what these discussions may entail, but some form of cash injection/share equity from/with Shandong could be possible and discussions are ongoing as mentioned by Tom.

Seems that there could be news on several fronts over the next few months and for all LTer's and new SH's I hope exciting times ahead for all.

Cheers The K

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Thanks for the explanation Kranky.
Its great to see a few posts from us LTer’s and its awesome to have new blood SH’s liking where this co is going.
Good luck to all and thanks to Tom and his team for doing what they said they would do and have done to date.
Great job AUL team.

AUL Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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Ann: Significant High-Grade Gold Results from Rose of Denmark, page-18

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Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

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Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

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