Finance for the construction is being negotiated in the form of an advance on concentratepurchases by an international commodities trader, as is a small working capital loan, withcommencement of construction planned for July 2024.
From today's announcement:
It is the Company’s intention to meet the final US$1.5M share subscription to MLV by August2024 where it will be applied to finalising pre‐development activities for the Nueva Sabanagold‐copper mine.
As no finalization of negotiations has been announced will construction for NS still go ahead from July or is it expected to start in August (or even later)? Only a month (possibly more) difference but time lines tend to be pushed out plus negotiations have been going on for a while - when will that conclude?
Till negotiations conclude for offtakes and announcement to that effect, everything else is just an expectation - meanwhile, expect 'men of little faith' to prevail. AIMO
AAU Price at posting:
0.6¢ Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)