The report states that the Company received a contingent offer of US$11.5m to acquire rights to the Khnaiguiyah Feasibility Study during the period. Considering it was initially carried on the books for $33M I'm pleased to know the contingent offer has not been accepted and that the company, hopefully sooner rather than later, will once again benefit from the full potential of this project.
Also, while the Euro 60M appeared as a formal entry in the last quarterly it has only appeared in the report as a statement. I assume, as they haven't drawn down on it, it doesn't make it into the official financials. I'm not big on this accounting stuff so can anyone shine a light on it for me.
AUQ Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
