low grade , page-3

and the problem with that Caramello is that no-one will acurately know what the costs etc are going to be until the completion of the BFS.


i found todays annoucment dubious for a couple of reasons.
1. it is obvious that unions and community leaders are going to pledge their support given that their workers will gain employment at increased wages.

2. RAU has engaged consultants to carry out their BFS - why not name them - why is everything with RAU highly confidential?

3. acquisition of the remaining 25% was already envisaged. nice to confirm that this has been done though.

4. they met with a financer who was keen to assist with the financing - what does this mean (pretty broad statement) and again no names mentioned again.

they then finish the announcment with a throw away "the Company will actively pursue projects in Boliva. no mention of any facts just enought to keep the traders interested to speculate on what could be.