Before covid and the war in Ukraine, I used to look forward to each announcement to hear what progress was being made and how it would positively affect the share price. More recently it's been a feeling of dread.
At some point, if AAU has been making its announcements in good faith, there will be a sign of a turn around. It could snowball from there.
That sign might be receipt of the bulk of the arbitration payout, significant income from plant and equipment sales or, most significantly, confirmation of funding through advances on concentrates sales because due diligence has been completed.
If it is instead more capital raising or an indication that any of the above events won't happen as expected, then the dread will continue.
AAU Price at posting:
0.3¢ Sentiment: None Disclosure: Held
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