Can you answer this question...
How do you know that a PRIVATE company doesn't have the funds?
As for HR and his position, I'm sure he will be around soon enough to tell you and everyone else that he is all in.
Did you read the announcement on the Amarant website yesterday? If not let me post it for you then you can follow their timeline and come up with your own answers. Here it is...
Update regarding geological work in Altos de Lipangue, Chile
06/01/2013
Amarant Mining hereby announces the start of exploration work in the Altos de Lipangue project in Chile. At the end of week 2, 2013, the management team from Amarant and geological experts will meet in London for a start-up meeting mapping the project and deciding on milestones to achieve and timetables to complete. The geological team led by Dr. Michael Smith will arrive in Chile week 4, 2013 to kick-start the geological work previously published on Amarant’s home page in the news section.
Further Amarant has decided to establish a new Chilean subsidiary hub that initially will handle the ADL project in the area and oversee all operational work.
The funding of 5 MUSD for covering the exploration costs the forthcoming drilling program is in place and the exploration work is moving along according to timetable.
Any significant up-dates on the project in Altos de Lipangue will be published on Amarant’s home page.
For general up-dates about the project, please subscribe to our monthly newsletter by sending an e-mail to sonja.catani@conventusltd.com with subject “AdL newsletter”. E-mail addresses will be handled with discretion and won’t be used for any other purposes than this newsletter.
