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0.7¢ antilles gold limited

Wouldn't the Cubans still use the USSR (or China) for processing...

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capriccioso

725 Posts.

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03/01/22

13:47

Post #: 58613666
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Originally posted by markf17: ↑

The limited pool of potential refiners of AAU concentrate is significant risk for the company.

If Russia invades Ukraine Biden will impose severe sanctions making it impossible for AAU to refine product in Russia. There is talk one sanction could be to remove Russia from Swift money transfer system between banks. Russian sanctions will cut down the pool of possible locations for refining concentrate to just China. If there is only one country willing to handle AAU concentrate it will be harder and much more costly to find a refiner.

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Wouldn't the Cubans still use the USSR (or China) for processing concentrate despite US sanctions?

Last edited by capriccioso: 03/01/22

AAU Price at posting: 7.8¢ Sentiment: Buy Disclosure: Held
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Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $6.976M

Open	High	Low	Value	Volume
0.6¢	0.7¢	0.6¢	$52.49K	8.730M

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Price($)	Vol.	No.
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8	8110000	0.003
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Price($)	Vol.	No.
0.007	5836405	9
0.008	2591436	6
0.009	4656966	7
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0.011	3676443	9

Last trade - 16.10pm 29/05/2024 (20 minute delay)


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