If ARE has $2 mil in the bank that won’t go far enough in these drilling conditions. Plus still have to pay management etc. This could delay the next drilling phase, I don’t expect AIS to be able to provide 100% of the finance. With the relationship in its current state they probably wouldn’t want to either.
I think all of us AIS and ARE holders are in for a couple of slow months while finances are sorted. My bottom drawer beckons, and tomorrow is another day.
GLTA, enough news for one day.
Ann: TORRENS EXPLORATION PROJECT - DRILLING UPDATE, page-76
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