Yes I understand the same. Whenever I see reference to 'major concentrate/commodities trader' then I am quite sure it must be Trafigura who are now doing final DD to see if they give us a large pre-payment for concentrate sales from NS that would ideally fund 75%+ of NS development costs. It would be nice even to have a MoU or something for now to formally give the market confidence that such a major group is interested and carrying out final DD. Having Trafigura validate the project would do wonders for the market cap imo.
Then the second aspect which I think will come later with the primary objective of funding LD will be to sell down 33% of MLV (so there will be 3 partners at 33.33% each) rather than 50/50 between AAU and the Cuban Government. To me, this investor could be anything from another mining company to a dumb money investor who wants to cash the cheques once the mines are developed. Maybe this will be the European investor that has been alluded to a few times.
A good announcement to finally show that the government negotiations have concluded and we can move forward now to bring partners in.
- Forums
- ASX - By Stock
- Ann: Variations to Cuban Joint Venture Agreement
Yes I understand the same. Whenever I see reference to 'major...
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AAU (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.001(14.3%) |
Mkt cap ! $5.845M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $600 | 150K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
49 | 47244960 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 28860891 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
42 | 44298423 | 0.003 |
32 | 49063145 | 0.002 |
13 | 26729950 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 27860891 | 23 |
0.005 | 2199996 | 5 |
0.006 | 1835216 | 4 |
0.007 | 2906213 | 3 |
0.008 | 4500000 | 3 |
Last trade - 10.00am 09/08/2024 (20 minute delay) ? |
Featured News
AAU (ASX) Chart |