Ann: AUC secures $3M Loan from institutional shareholders, page-17

Definitely signs of some politics going on behind the scenes here IMO!

Interesting watching those large walls and constant sell pressure coming into the funding uncertainty and now that a couple of sophs got chosen and management stuck to their word of no dilution, we see some of those walls magically disappear. There are still off-screen sellers arriving but IMO that is probably an angry entity who was banking on getting involved on market and pulling up and moving elsewhere. Plus, we are entering tax sell season so there are likely more retail who have taken the loss and had enough of waiting during this ongoing 'orphan period'.

The last major issue is funding for the properties! Management will probably pull off a similar type of funding scenario for $10-12mil or maybe even look to the banks. I can't see them raising that amount on market, it would result in way too much dilution, plus they have promised not to. I think any loan situation will be paid off in the next 12 months. When major financing is organised for KGP mine construction $80-100mil, they will add enough in there to pay off the loans, or at least the interest on the loan(s) for a couple of years until the mine cashflow starts coming in.