My .6c order got hit this afternoon which I'm happy about as the order was due to expire on Tuesday. It's a potential 1-4+ bags at these prices IF they can turn the sentiment around IMO. The critical thing is having cashflow before the money runs dry and if they can do this it will be much smoother sailing ahead.
The wildcard announcement is if they can obtain an offtake agreement for the stage 1 tin.
"The second phase of the Stage 1 Project will comprise mining an additional 360,000 tonnes of ore andwaste and processing ore through a pilot plant to be located at site to produce a saleable concentrate. Capital costs associated with the second phase of work are estimated at $3 million, and whilst anticipatedcashflow from Granville is forecast to funds works at Taronga, the Company is also in discussions withparties on funding options, including funding linked to concentrate off‐take for the Stage 1 Project."
ANW Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
