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clock Created with Sketch. 21/03/17
18:33
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Originally posted by Io
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It is good to see that the San Jorge drilling program is completed. AVQ is still planning on a direct shipment operation from San Jorge. This is just a smokescreen. There is no way a direct shipping operation of around 1% Ni laterite ore, will make money. It just will not fly. However, AVQ have to keep up the fiction that they are pushing ahead with San Jorge as without that they have absolutely nothing. With the work they are planning at San Jorge, how are they going to pay for it? At the moment the rights issue is stopped and its unlikely to raise much money in any case. The placement they did will cover their salary and admin costs for a few months but no actual work. Therefore, if they are going to continue to work on San Jorge they need to raise more money and fast. The Rights Issue was stopped on 9 March and its now 21 March and there has been no release regarding how the rights issue is going to be completed. That indicates it has major issues.
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"There is no way a direct shipping operation of around 1% Ni laterite ore, will make money"
