Re ATV and Acadian The quarterly indicates the preferred option for gold mining appears now to be ATV utilising their own plant with the Gekko processing being the more likely option. That of course takes Acadians mill out of the play at this time. The Memorandum of Understanding appears to cover two aspects which may could be looked at as separate discussions. 1. The use of Acadians mill at the Scotia mine, modified to process gold. The Gekko option would initially eliminate the use of that mill. 2. The consolidation of ATV and Acadians gold interests in the area.
Therefore could be all good for ATV shareholders either way re above options.
Re current selling whoever the seller/sellers are they do not appear to be trying to make a profit, as the volumes being sold have never been volumes that have been bought at lower than 6 cents in any recent times.
Clear indication of positioning for capital raising or similar as share price appears to be being held artificially low. Unfortunately this won't help ATV shareholders from a dilutionary point of view, if there is a capital raising. However good news is medium to longer term it should be all good. MOU indicates deals between ATV and Acadian to be concluded by end of March. So we should be on the cusp of things happening.
ATV Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
