AIMS is an investment fund, not a miner. Nor is it in the habit of screwing solvent businesses it’s supported and heavily invested in. That would be a great business model!!
It’s a bridge to the State. Also facilitates Brazilian PPP schemes and operates on behalf of the State owned oil operations, acquiring and disposing of assets.
SRB requires 9M for its planned exploration and 50% of its cash is essentially under new ownership.
Don’t excited about a big dividend anytime soon.
The license will come but not until it’s off AIM and the CEO has sailed into the sunset.
Greenstone lost money here considering the time invested and price invested. They’d have 3 bagged if invested in the S&P over the same timeframe.
They were privy to the license negotiation progress and blockage. Forced out. The other major investor are totally unrelated and have done the same. No coincidence.