Share
1,293 Posts.
lightbulb Created with Sketch. 122
clock Created with Sketch.
26/11/14
12:33
Share
Originally posted by Awoonga
↑
For disclosure, I have amended my two buys to 500,000 each now at 7.8c expiring on the 17.12.14. I also have a sell of 1 million at 11.5c expiring at 17.12.14.
Possible Finance Date?
IMO, the final finance approval from one or more banks is dependent on the final engineering design. IMO, the bank(s) will want to calculate how much the project will cost only when they can see what the final project consists of.
In the meantime there have been a couple of dubious announcements from our management,
1. Regional exploration announced on 23.10.14 and yet only 2 weeks later we have assays on 07.11.14?
2. Shipping of the Ball Mill and Flotation Equipment. Has this happened or maybe it was decided to have somewhere to send them to before shipping?
I don't think we will have the final engineering design or finance before Christmas.
Expand
Drilling must have started earlier to get some results out pre AGM but that is fair enough.
Equipment will simply be stored in Brazil until ready to transport to site and is just standard practice.