I'm inclined to agree - why would someone put more money into one of their projects when they could buy half the company for the same amount. I think it's now very much up to management to work out which asset to sell. If they can raise a decent amount of cash from a disposal and perhaps a bit more cash from a share issue at a higher price - they can advance one of the projects to a stage that someone else picks it up. Right now two projects is too much to chew for a company this size
Ann: Alicanto to Retain 100% of Arakaka Gold Project, Guyana, page-17
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