Who said that AIS needs to cough up $12 million in two months time? The drilling will be spaced out over a period of a year or two. I'd assume that Aeris will be able to front up with the necessary cash when its required, since AIS already has enough cash in the bank and receivables to repay the US$20 million at the end of August. Remember that Aeris is currently generating $5 million in profits per quarter. Unlike its joint venture partner ARE who have no income other that raising capital at discounted prices, I'm more concerned as a ARE shareholder than a AIS shareholder. If you're really concerned then phone AIS management.
Ann: Quarterly Activities Report - June Quarterly 2018, page-13
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