ANL 0.00% 0.1¢ amani gold limited

You're right 1for1, this deposit will get mined, it's a very...

  1. 151 Posts.
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    You're right 1for1, this deposit will get mined, it's a very attractive open pit target. Unfortunately it won't be mined by ANL unless they renegotiate the contract with Sokimo. Sokimo could issue a breach of contract notice whenever they want, which would leave ANL with zero stake in the project. It all boils down to the fact that ANL should have completed a feasibility study by now (they have already had 2 extensions I believe), and now they may be in breach of the contract (and the second tranche of the Luck Winner transaction is toast).

    Hence we are at 1.6c. And unfortunately I still have some shares.

    Perhaps I am missing something and the extension of the contract is a given, but at this moment, ANL are at the mercy of the gods, and may decrease in value to only cash backing.
 
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