It’s only recently that zinc and Copper have been high enough to make the mine viable prior to that the commodity space had been in a 5 year bear market..Financiers want to see that this recovery is not a flash in the pan and will then start lending again..(AYM are confident they can finance it)this is where we are and the next 18-24 months s/be very rewarding for those prepared to wait
“I can guarantee right now this mine is a long long way from being financed.”...interesting statement.as is the statement from the company that states,for the first time I might add, that finance is available ..
Recently during the auction process there has been a lot of large bid and offers but none matching. today there was a buyer of 500k @1.40p and also a seller so they matched off...there has been a persistent seller around (I’m convinced it Beaufort related) but I think they are now finished so hopefully should start to move back up.