yesterday alliance made an announcement that upgraded fmne to an inferred mineral resource at the upper most end of the previously announced exploration target.
on top of this alliance stated that mr gandel maybe prepared to make a short term loan if needed. why the tease if it is not a genuine consideration. i can not think of a better time for a loan.
on top of this alliance has just received a first offer of $57.6 million for four mile. the offer surely provides an increased level of confidence for any lender.
alliance going back (again) to shareholders to raise a relatively small amount of cash for the issue of a relatively large amount of shares in this shortfall is extremely disappointing.
maybe alliance shareholders should question the alliance decisions in context of what alliance is now part owner in and where alliance is at with regard to when four mile may end up being monetised.
rcr was very quick to send out that email. who is truly benefiting from this exercise at this point in time.
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