interesting ss post

Hope Juqu and MrBligh dont mind me sharing the info around the chat sites but this post seems very informed,eloquent and well timed.Not many posts to their nic either(2) which is interesting in the context of the post having all the above characteristics.

Could it be misleading?Yeh sure,but then it does make a lot of sense too!

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juqu

New Member

( 2 posts)

In reply to: kosmo on Monday 26/03/07 05:25pm

I believe the wheels may be falling off for AIM resources.
Nothing really happening over there despite news about work on the boxcut. Byrnecut have one person over there and aren't likely to be sending any more until they see some money...................which is really the BIG issue here.
Where is the finance, that was sposed to be sorted by the end of January, and then the end of March?
Clock is ticking in my opinion, and I reckon the buy up by North Sound has something to do with the ticking getting louder.

mrbligh

New Member

( 2 posts)

In reply to: juqu on Monday 02/04/07 11:19pm

Don't know where you get your information from jugu but the first stage of finance was raised in jan at A$27mil. This was a requirement for the exploitation licence and also to proceed with the mine and infrastrucure.
Contractors and suppliers are paid in production and target stages as agreed under terms already signed by associates.
Management are presently fine-tuning the bulk finance to benefit shareholders and minimise long term debt. This proceedure can take some time as management are looking for more flexible terms.
If there was a problem as you suggest, north sound and other investor companies would be questioning management.
The situation is, institutions are satisfied with the way management are performing

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