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
Investors should note that there is no certainty that thejoint venture company which is developing the mine, Minera La Victoria SA, will be able to raisethat amount of funding when needed. It is also possible that such funding may only be availableon terms that may be dilutive to or otherwise affect the value of Antilles Gold’s existing shares.
Given the uncertainties involved, investors should not make any investment decisions based solelyon the results of the Updated Scoping Study.
Also note, that the reference to the starting to build the NS mine this Q does no longer appear in the announcement. Looks as though getting funding is even harder - possibly impossible? So much for the funding talks and expectations. Doubt NS build will start this Q as was expected - a bit too optimistic by the company given the scoping study is only a 'preliminary technical and economic study of the potential viability'.
Expecting sp to improve, hah - expectations just fell way short. AIMO
AAU Price at posting:
0.4¢ Sentiment: Sell Disclosure: Held
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So much for the funding talks and expectations. Doubt NS build will start this Q as was expected - a bit too optimistic by the company given the scoping study is only a 'preliminary technical and economic study of the potential viability'.
(20min delay)