Withdraws $5M round, next one +/?I wonder if we'll see $AAN try to raise something even bigger? Deal on Project Equity for Hamama West? Anything is possible.
Supposing it's a simple open pit, heap leach, could they do it for under $50M USD? Probably $STGO at like $20M right? Didn't STGO finance their starter pit with a streaming deal and equity? That was just wonderful deal-making.
I wonder what we will see from AAN. Carried interest always worth considering. Would someone else do heavy lifting at Hamama West to get things going out there? Maybe bring in Centamin as a strategic partner in some way? Again, anything is possible.
There are some people who are bullish on gold in MENA, right? "funding from the region" sounds like something different may happen here.
Best to all.