Hopefully on this thread we can pull together some of the great information that has been spattered on the other threads in the lead up to this tranche of announcements.
So, we know that the Hauyou are in a 10 day halt pending an investment and restructuring announcement that finishes on 15 April 2019, and that their deadline for converting options is 15 April 2019. We also know that, without further buy-in, they are now diluted to a point that threatens their Board position, and that the Company has identified that their search for 'additional Directors' has identified key candidates that they will announce, "in the near future." Interesting times.
So, feel free to jump in, but, on
or before Monday (Tues pre-market) we are expecting the release of:
- Metallurgical Test Results
- An updated Transport Survey
- The 5Mtpa and/or 10Mtpa Scoping Study
- An update on the DFS landing (if not the DFS)
And we may also get,:
- An updated JORC assessment, with the new spectacular drill results included
- An announcement in relation to the search for strategic Director appointments (US/Middle East/China)
- An announcement in relation to the continuing involvement of Huayou
- An announcement in respect of other negotiations that were held off until after the Huayou options decision
Any other views, or anything else?
I will try to head back through the forums and announcements sometime tomorrow to pull out the projected dates and details of the above. But, feel free to throw in AVZers!
This Huayou decision is throwing up quite a lot of different scenarios that could play out after Monday, and so this is no doubt one of the most interesting plays that have come across our desks!
Onwards and upwards.
GLTAH
