News: AMG Ausmex Mining Group Announces Divestment Of Gilded Rose Gold Project For $A4 Mln, page-18

Hi,

Jin Resources which purchased Glided Rose has used an Australian subsidiary, Young Australian Mines Limited.
AUSMEX non-executive director, Trevor Coombe, used to work at Young Australian Mines.

Jin Resources has already paid AUD2.5 million for the purchase.
Jin Resources is suppose to pay Ausmex AUD$500k on 21 May 2021 as part of the purchase.
The remaining AUD$1 million is suppose to be paid either when 10,000 ounces of gold has been produced or within two years of the completion of the transaction; whichever occurs first.

currently, AMG has $1.83 cash left. Therefore, with the $500K supposed to be received, AMG has $2.3m.

I think AMG can pull if off as it may not need CR since for Golden Mile, processing has to be done at Round Oaks. Just waiting for Mining Lease.

https://themarketherald.com.au/ausmex-mining-group-asxamg-completes-sale-of-gilded-rose-project-2020-05-25/