No mention of Bollore Group? Railway line is an important bit of the jigsaw for transportation. This according to last qrtly report was was what was required to convert letters of intent into sales agreements? This was anticipated this quarter.
There is still some important information, which is missing. I don't agree on those figures either. Unless someone else can confirm NPV 41c/share - with double revenue. That's a 100 % increase in revenue from 2005. I know they are estimates on an ungeared basis for NPV, but is that right...any accountants/analysts here?
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The company is finalizing its discussions with the Bollore Group on its logistics requirements. The Bollore subsidiary SDV owns the Sita railway line which passes 30 kilometres from the Perkoa mine site down to Abidjan in Cote d’Ivoire. Once this agreement is finalized, AIM will convert its current letter of intent with both Louis Dreyfus Commodities and the Votorantim Group into sales agreements. It is anticipated that this will take place within the next quarter.
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