As I understand from what has been said previously, this is the funding strategy of AAU...
For NS:
- Negotiations ongoing with offtaker (I am 99% sure it is Trafigura) for pre-payment of offtake quantities. Vacinity of $25-30M. Would be interesting to know if terms are agreed now, pending this final bit of drilling to extend the project life a few years.
- A smaller loan to cover the gap between the pre-payment and the cost to develop the project ($5M?)
For LD:
- Work currently shelved to save costs. Hence the delay to deliver the DFS. Focus is on putting money in to NS. I wish they had done this much earlier and stopped spending on LD sooner - if they did, we would probably be well on the way to mining already rather than having spread our resources too thin.
- AAU and Cuban government to give away a combined 50% interest to the new JV Partner in LD in late 2025. So AAU would retain 25%, as would the Cuban government.
I hope that this is the focus in the webinar... as I think financing is the subject investors are most interested in. I asked for a funding update as well as a status update for the sale of goods in the DR and timeline for reception of awarded funds from the arbitration.
I think they'll fill somewhere between $1.5-2M in this entitlement offer. See if it is enough to get them over the line with the pre-payment for NS development.
- Forums
- ASX - By Stock
- AAU
- Ann: Investor Webinar
Ann: Investor Webinar, page-28
-
- There are more pages in this discussion • 46 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AAU (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $5.567M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $4.674K | 1.189M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
74 | 71814221 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 73078694 | 50 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
69 | 65812556 | 0.003 |
51 | 68425069 | 0.002 |
13 | 28679950 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 73078694 | 50 |
0.005 | 17607556 | 12 |
0.006 | 7500755 | 7 |
0.007 | 2472191 | 4 |
0.008 | 4875000 | 7 |
Last trade - 15.42pm 04/10/2024 (20 minute delay) ? |
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
AAU (ASX) Chart |