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Aton Resources Inc V.AAN

Alternate Symbol(s):  ANLBF

Aton Resources Inc. is a Canada-based gold exploration and development company located in Egypt's Arabian-Nubian Shield. The Company is focused on its 100% owned Abu Marawat Concession (Abu Marawat), located in Egypt's Arabian-Nubian Shield, approximately 200 kilometers (km) north of Centamin's world-class Sukari gold mine. It has identified numerous gold and base metal exploration targets at Abu Marawat, including the Hamama deposit in the west, the Abu Marawat deposit in the northeast, and the Rodruin deposit in the south of the Concession. The Abu Marawat Deposit is a high-grade gold-copper vein deposit located 35 km to the northeast of Hamama. Two historic British gold mines are also located on the Concession at Semna and Sir Bakis. The Abu Marawat exploitation lease is approximately 57.66 square kilometers (km2) in size, covering the Hamama West and Rodruin mineral deposits. The Concession also includes an additional 255.0 km2 of exploration areas at Abu Marawat.


TSXV:AAN - Post by User

Bullboard Posts
Post by Newton1234on Feb 26, 2019 12:53pm
82 Views
Post# 29414919

News from Egypt

News from Egypt
Molla pledges to accelerate pace of Abu Tartur project, February 25, 2019. https://ww.egyptindependent.com/molla-pledges-to-accelerate-pace-of-abu-tartur-project/  Substantial project. Mentions changing mining policy. 
 
Centamin shares tumble on lower than expected gold production forecasts, 26 February 2019. https://enterprise.press/stories/2019/02/26/centamin-shares-tumble-on-lower-than-expected-gold-production-forecasts/ 

I posted my thoughts on Centamin news on CEO.ca/cee yesterday, https://ceo.ca/cee?212622fcc731 

"Interesting to read "operational challenges behind drop in CEE shares". Production wasn't down much, only 13%? Still 472Koz annually. That's a lot. And it sounds like they moved a lot more rocks to get that production. There was something that was down a lot more: Free Cash Flow. Was down like 56% YOY. I feel like it might have been algo scanning for that number behind drop? It was called a "scheduled change in profit share economics" but it's still a 50% drop in free cash flow..."

GLTA
Bullboard Posts