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Bullboard - Stock Discussion Forum Allied Gold Corp T.AAUC

Alternate Symbol(s):  AAUCF | T.AAUC.DB.U

Allied Gold Corporation is a gold producer. It operates a portfolio of three producing assets and development projects located in Cote d'Ivoire, Mali, and Ethiopia. Its portfolio includes Sadiola Mine, Cote d’Ivoire Complex, and Kurmuk Project. The Sadiola Mine is an open pit gold mine, located in the Kayes region of Mali, and the Diba open pit gold mine, 15 kilometers (km) south of the... see more

TSX:AAUC - Post Discussion

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Post by Dartmam32 on Oct 03, 2024 12:12pm

Liers

Two months ago Mr Marrone wrote this,

Allied is arranging a minimum $250-million Kurmuk funding package comprising a gold stream and a gold prepay facility on the Kurmuk development project. This comprehensive funding solution is expected to close by the end of September, 2024. The prospective stream validates the opportunities at Kurmuk, including its strong geological upside potential and has attracted significant interest at an attractive cost of capital.

Today he did the exact opposite. Can we not believe what he says any longer. He had no explanation why the group that was going to do the steaming deal backed away. Are there problems in Ethiopia!!!
Comment by baystock1 on Oct 18, 2024 1:56am
Dart mam you are a drama queen accusing Mr Marrone like that. The $250 million Kurmuk funding package is still in the works I believe.
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