Actually the price of oil is right down and being that one of the main input costs into mining is fuel, so I suspect any revised financial modelling isn't as doom and gloom as you paint, plus operating in Cuba the cost of wages is going to be set by the government partner, so that's not even valid either.
But as for financing, I think the stigma of the current AAU / Panterra right back to Mt Gibson Mine team which is the Executive and the Board is not helping, as there are more failures and poor decisions than good ones, particularly recenlty and the old addage is "you're only as good as your last hit out". It's why the recent General Meeting was a massive opportunity lost to shake it up and rattle the cage for change at the Board level, and I still maintain that James Tyers should step back from his Board role and focus purely on being the CEO and delivering for shareholders, because creating that separation between the Board and the Executive means the Executive roles can truly be performance based and taken forward or not on the level of performance being achieved.
I think it's time for the main shareholders to speak up and bring about those changes and reset the DNA of the Baord to only have 2 current AAU / historical AAU members taken forward into any renewed AAU.
just my opinion on what may be holding back financing deals, or at least a significant factor into the decision making.
I like everyone would be more than happy if I am wrong on that though.
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