No deal until the deal is signed off and done - not there yet. From announcement:
The Company is progressing with negotiations to arrange the above on behalf of the jointventure, but at this time there is no certainty as to the availability or timing.
Then this regarding the Spanish bank re a short term loan of around US$2.4mill:
....advance may be provided by a Spanish Bank operating in Cuba.
Yes there are negotiations but still as yet no definite financing and many other unknowns going forward even when or if such occurs. To date:
The Updated Scoping Study referred to in this announcement is a preliminary technical andeconomic study of the potential viability of the proposed Nueva Sabana open pit mine gold-copperin Cuba.
So, despite all the 'work', AAU is still at a preliminary stage in proceedings with NS. No wonder there are delays and potentially project may still be just that - an unfulfilled potential. At least that's one way to interpret the announcement. Hence lack of sp moving forward. Only want one announcement - just one - deal done - but no such. AIMO
AAU Price at posting:
0.4¢ Sentiment: Sell Disclosure: Held
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