Reality is that if they have to folk out upto 3.5 million USD, for the Obi project then they will have to do a CR.
However having said that, it may eventually turn out to be a good thing imo.
Seems like Newcrest mining lifted their stake in an Indonesian gold venture exploration project. Also the province is rich in gold, due to volcanic activity.
Furthermore, I looked at the grades of RMS (today's announcement) and the grades were no where as exciting as the predicted/potential grades with ATN.
I think the market seems to think there are too many if's and but's about ATN's potential projects and management are known to boast their resources (a tiny bit!!!)
Anyway hoping for the best
Cheers Mayo
ATN Price at posting:
2.3¢ Sentiment: LT Buy Disclosure: Held
