RE: Remember when20 Sep 2016 13:51
how many poorman?
I have faith in this share that it will come good...eventually.
Taken from the last RNS :-
Loudon Owen the Company's Lead Director commented:
"We are pleased to have successfully taken the first steps of transitioning Aureus to an owner operator. We believe this is an attractive financial proposition as the capital requirements associated with completing this transaction are expected to be far outweighed by the significant reductions in future operating costs. In addition, it is an important strategic initiative that gives the Company control over the mining fleet. We are grateful to our major shareholder for facilitating this transaction until the Company has raised sufficient capital to acquire these assets directly. With ASLI taking ownership of the mining fleet, there is a strong mutual interest between fleet owner and operator in seeing New Liberty deliver on its full potential.
They mention significant reductions in future operating costs, what is this $50,$100,$200 or $300?
What is there definition?, it would have been good if they had given estimate on how much this would save them.
Id imagine/hope that they had done a review into this prior deciding this.