RE: Casa Transaction30 May 2022 16:26
Highly doubtful that CASA would factor into any consideration for AA. The JV pertains purely to the Zambia licences and only the Zambia licenses.
Our board confirmed that even withstanding the money from CASA sale, there was no requirement for additional raising, hence the company is in a position to run itself comfortably + AA are going to be funding the digging costs anyway.
The legal matter now resolved with an ex-director would have been more of a concern to AA than some far flung old asset that has no relevance to our Zambia licences. This is now resolved well and truly and we are in a great position to explore in partnership with the best in the mining business and find that tier 1 company maker! :)
Manx