Is there any revelations known about when we will seek to turn our 60% holding into 65%? I recall a poster here some time ago suggest the contract had been signed and was just awaiting a payment, but I've not seen anything to verify that. In my view I'd want to get this settled while the SP remains low, so it's not renegotiated upwards.
I know we need to keep a cash kitty available, gotta keep the lights on and paying the admittedly high front-office salaries through what could well be a lengthy period of negotiating off takes and financing. However you would think financing would come easier should we have a higher ownership ratio over Manono - if only so we see less dilution when the (IMO inevitable) equity arrangements are made as part of a project financing plan. Balancing act to juggle cash reserves i know, nobody wants to see another disastrous Pattos capital raising after all, but I personally would like to see an effort at gaining higher project ownership sooner rather than later.
Thoughts?
AVZ Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held