Ongoing and near-time activitiesEarly in January 2011 NAU will commence work with the swamps and building of dams around Tapuli. During the first couple of months in 2011 NAU also partly will pay deposits for long-lead items.
During December 2010 a NAU announcement is expected about the outcome of the credit committee handling in the lead banks contributing to USDm 400 in bank loans. The signed firm bank loan agreement is expected during the first half of 2011 (Q2'11).
Firm signed financing agreements with Caterpillar and Stemcor is expected at the lastest during Q1'11.
Approx. 40 million shares of the share issue was placed in North America of which 4 millon to retail customers.
NAU will do a lot of marketing in Canada. Waplan on BNN was a great contribution.
It is said NAU is perceived to be cheap compared to many of its peers in Canada. At least one new Canadian brokerage is expected to initiate analyst coverage of NAU. Daily traded volume in Toronto has increased substantially lately, and the daily volume possibly will increase further so it going forward may have a growing influence on the share price also at OSE.