RE:RE:RE:A new 52 week lowTaupo65 wrote
I don't think a dawn is coming to AOT anytime soon. It is hard to see anything hapenig for another year given they don't have the finances to complete summer construction activities that should be underway now.
If everything is as good and rosy as people here seem to think, why no financing?
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Well thats it then if you dont think a dawn is coming for AOT that is not good news. But then again who exactly are you? Are you the CEO negotiating the financing? Or are you with one of the potential investing groups? Or more likely just some random message board poster who for some reason most likely taking a cornholing or two on this stock seems to have a hate for this company which is evident in every post you make. If you have such a dislike for AOTs prospects and it management why do you waste time here posting?
Who exactly said things are rosy here? Until the mine is operating and producing gold at a nice profit things are not rosy. At the same time while people like you seem to see nothing but bad things here for some unknown reason many of us here see a lot of good things. First of all AOT has quite a lot of relatively rich gold ore, an existing mine, and much other infrastructure that are a huge advantage of cost savings and time over having to buold everything from scratch.
AOT also has over $70 million Cdn. in cash and is only looking for a relatively small amount of money for a mine that should produce 150 000 ounces per year at low costs.
Yes this financing delay is not good as it pushes things back another year. At the same time to company is not on the verge of bankruptcy and has lots of cash to keep the lights on and do exploration etc.
Why they havent they secured financing at this point? Who knows. Unless all the investors here, management etc. are missing something the odds are that sooner or later they will announce financing to complete the project.
Good luck to all.