On a broader topic, it seems to me that banks will have seen the sensitivity of the gold price to Tapering talk, and may have decided they will just not deal with gold miners until a future long term gold price is established, that is, firstly, until tapering is well and truly begun, and then only if the golf price stabilises at a price that will allow projects to be profitable.
On this basis, I think ABU are going down the right path, that is, beginning small scale operations on their own on a path of self funding.
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