As in most successful outcomes, its all about timing.
If in the near future they can demonstrate a healthy resource extension at Perkoa, following that up with stunning results from Mumbwa and then confirm the offtakes have been finalised on well negotiated terms - the finance package will then be easier to complete.
One must also consider the fact that mine progress continues. As each month goes by, they get closer to the ore and then the stockpiling begins.
The $50 plus million in funds in the bank is perfect at this stage to continue the development at full speed. The ore will be ready for processing and off to market by the time additional funds will be needed. That puts AIM in a good position as a revenue stream will have been created, thus making the fiance package easier to secure. Also the zinc price will then be on the move Northwards again.
As each month goes by, the market will get one step closer to levelling out and then get ready to recover.
Timing once again.
AIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)