I'm quite glad ANW enjoys the capability to simply draw down working capital quickly via a facility put in place earlier. Imagine an alternate scenario and the uproar if it was tools down, no money and we better do a cap raise. Contingency plans when activated are not without some disappointment in this case due to some project delays. However that's nothing new in mining, we are faring much better then many others at the moment. Some EV metal stocks are down heaps this month.
At least the Board had the foresight to cater for unexpected delays (whatever the reason) to ensure continuity of progress on all fronts.
2019 will be a huge year for ANW, with cash flow positive mining commencing in January, strong likelihood of exciting drill and assay results coming in, and dare I say it, the share price will reflect all of this within a short month or two. IMO.
Cheers M
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