I have no information. The first off-taker promised a $10 million advance payment. This first off-taker must have demanded. To sign a contract, bring a financial plan. If the first off-taker is not sure about construction, it is natural that he will not sign a contract to become an off-taker for a mine construction in Cuba, a country under US sanctions. Therefore, the management must have found a second off-taker, and since the advance payment + loan plan, which requires certainty about the mine construction, has been confirmed,the two off-takers must have written and signed the contract. Is it $25 million or $30 million? I don't know,but considering AAU's current financial situation and stock price, it is reasonable to assume that most of the necessary funds for the mine construction were secured with an advance payment. Since the amount of funds needed for the mine construction has been disclosed, anyone who is not an idiot can estimate the approximate amount. The $3 million in working capital was the original loan plan, and we all know that the $30 million in construction capital is virtually impossible to get without a down payment.
AAU Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)