Useful data in the scoping study and not too far from what was expected so I guess the market reaction is fairly neutral for that reason.
I think the modest movement in the share price reflects the fact that there is potential for significant dilution if we don't get a sizeable pay-out from the dam dispute. Finance could be difficult to source for a project in Cuba in the current political environment.
A lot is riding on the arbitration result, even if AAU says it is not counting on it.
Ann: Financial Results from Revised Scoping Study, page-3
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