Ann: AKORA Successfully Completes Capital Raising, page-19

And just a couple of quick points (I'm trying to not be a dick, I am just trying to point out some of what you will find if you read the threads here)...

- New mining permits in Madagascar have been suspended since 2011. 12 LOOOOONG years for many companies. Not for AKO, who have only have had exploration and "small scale mining" permits they acquired when the company was formed in 2009.
- The Malagasy government has said they will start processing renewals on mining tenements - https://hotcopper.com.au/threads/ann-approval-for-mining-permits-to-be-processed.7315816/ . The company stated their counsel had advised them that if the mining leases were paid and up to date, the permits would be renewed when the mining code progressed. The company have diligently been paying for the lease renewals, and this means all permits are in order.
- Mining code going to a government vote as of tomorrow. The expectations are for the mining code to be ratified into law this year.
- Investment from the World Bank, for the development of infrastructure and to support the local populations
- There are a heap of posts that provide insight to the progress on the Malagasy mining code
---- https://hotcopper.com.au/threads/ako-general-discussion.6779410/page-328?post_id=67282734
---- https://hotcopper.com.au/threads/ako-general-discussion.6779410/page-332?post_id=67318219
---- https://hotcopper.com.au/threads/ako-general-discussion.6779410/page-339?post_id=67373195
---- https://hotcopper.com.au/threads/ako-general-discussion.6779410/page-374?post_id=67880691
---- https://hotcopper.com.au/threads/ako-general-discussion.6779410/page-375?post_id=67882070
---- https://hotcopper.com.au/threads/ako-general-discussion.6779410/page-364?post_id=67805182
- DSO Mineral Resource Estimate (upgrade) due at the end of this month - admittedly is has been delayed by about 3 months
- Capital raise just completed, which means we are fully funded to do all of the things we want to do
---- Complete the PFS (May 2024)
---- Aerial electro magnetic surveys on 2 prospects
---- Exploratory drilling on 1 or 2 new prospects to define a preliminary resource
- Upgraded Scoping Studies to align with the update MRE (July 2023)

This company has a lot going for it.

Do your own research, and make a decision, but please be respectful of the people here, who share a lot of valuable information.