"Antilles Gold is assisting the Cuban joint venture company, Minera La Victoria, in negotiations that
have commenced with three potential Investors showing interest in buying into the company, and
supporting its progressive growth. Successful negotiations with any Investor, would minimise
additional raises by Antilles Gold in the foreseeable future."
Question, could the use of more precise english have been more beneficial here.
AKA, a strategic partner, taking a minority holding, in the company, thus doing away with more dilution, to get the ball rolling.
Afterall, we only have to find the core of the ore body at El Pilar, never mind what else we have, in the ground, elsewhere, in Cuba, and the financiers will be falling over themselves to lend us the money to fund the development of El Pilar.
https://www.theaustralian.com.au/business/*/copper-hits-suggest-antilles-is-barely-scratching-surface-of-el-pillar-porphyry-system/news-story/c54fb3ed2f3dbf7d5be517d701ac6ccb
Not pay wall protected.
One can understand the actions taken by the company( well not really), I suspect someone was nudged into looking for a strategic partner, else we loose the permits, in an obvious copper rich kingdom.
Raider
Remember the Geo went to the company, not the other way round.
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Ann: ANTILLES GOLD ARRANGES UP TO $3M OF CONVERTIBLE LOAN NOTES, page-52
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