RE: Letter of agreement, MOAMore speculation from my part:
AUU had the 250k ready (I know this from good sources)
But PanAm said wait I minute, hold that money, let's take a deeper look at the Technical Report, it looks some incosistencies in there, so the report may be back to the lab, so technically PanAm still have a chance for the buy-back...I'm just speculating, but I guess the problem is not the resources, the problem is this fucking complex JV that even Intrepid may be asking for a bigger cut know, even if they stopped contributing money (if you carefully read the JV agreement, the JV is between Intrepid and PanAm, later AUU get a MOU with Intrepid to go 50/50, that's why I would love to take a deep look at both documents to see the details)