Yeah , its interesting, with the feasibility study close , why bother with this effort ?
I'm somewhat surprised ,their looking at two distinct mining operations as opposed to one, for a starter , why not generate cash flow from one operation initially?
They held back on the $ 10 million ,at the buy in, will they , given the current cash in the bank, pour more money into ANL , perhaps a token amount , or just into the other JV company's ( just matter of factually ), I wouldn't blame them for the latter.
Can they make a silk purse out of a sows ear?, time will tell.
Raider
ANL Price at posting:
0.5¢ Sentiment: None 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.