AAU antilles gold limited

PFS may or may not have a perfect funding plan.Because the...

  1. 294 Posts.
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    PFS may or may not have a perfect funding plan.
    Because the funding plan is often decided after the PFS.
    However, even if the funding plan is uncertain and difficult to disclose,
    it seems that the PFS pre-review can be completed more quickly if some PFS is explained and the ASX provides proof of it.
    Even if a financial institution or advance purchaser is confident about the project,
    a PFS is necessary to avoid issues related to breach of trust so that a decision can be made based on evidence.
    If you are not going to sell the stock right away anyway, it seems better to just wait comfortably.

    Our goal is to OFF-TAKE anyway.
    The PFS is just a gateway.
    The PFS has been completed and submitted to the ASX and if there are no major issues, it will be released.
    The important thing is that the off-taker received the PFS last week.
    I don't know if the PFS includes a TERM SHEET,
    but if it doesn't, the off-taker's pre-purchase loan, etc. must be confirmed and submitted to the Cuban government.
    Once it is submitted, the OFF-TAKE will be confirmed and there will be a meaningful change in the stock price.
    The important thing is whether the PFS includes a TERM SHEET.When the TERM SHEET is completed and the OFF-TAKE is announced.
    If there are no issues with the PFS, the price and size have already been determined,so I expect it to be released quickly.
 
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0.4¢
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Mkt cap ! $9.325M
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