I found the Hazlehurst report on another share chatsite.
It has a pretty glowing endorsement of AAM, does not discuss any start-up or financing issues. In part it said the following:
"The company declined to elaborate on the reasons for the parting of the ways, but I gather there had been management tensions for some months between Williams, a veteran geologist of 25 years experience, and others. There is no suggestion of any concerns regarding the company?s reserves/resource base, its current production through weekly gold pours or its cash position.
A1?s June quarter report, lodged on July 28, confirmed the 300,000 tonnes/year refurbished plant was performing above expectations since its first gold pour in March, with expectations that an initial annual output of 30,000 ounces of gold at a cash operating cost of less than $700 an ounce. That offers a wide profit margin with a current gold price of nearly $A1350 an ounce."
Would you believe it?? No wonder there were so many buyers today!!!!!
Those keen on getting the real deal from Eureka can sign up for a trial.
loki (I am an agnostic AAM believer)
PS: I hear that fredo thinks JW has not sold his AAM shares, but s/he is not so sure about his missus. Interesting
AAM Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held
