This info may help shareholders better understand the situation. The Rio Negro project is under a joint venture partnership with Alicanto Mining, with Alicanto Mining being the majority shareholder. Customary in these JV partnership agreements is a clause giving the major shareholder rights to ‘signing off’ prior to any news being made public. This is standard operating procedure, especially in the mining industry. So, up until now, Affinity has had its hands tied when it comes to putting out press releases. Affinity must get approval from Alicanto Mining prior to any press release! This unfortunate dynamic has undoubtedly had a negative impact on AFYG. However, these clauses cannot create undo harm to the minority shareholder. In cases where a majority shareholder denies any news from ever being put out, and refuses to change their stance, thereby causing damage to its partner, there are legal paths to pursue. In talking with Affinity, this issue has finally been addressed with Alicanto and shareholders can now expect that a flow of news will soon be forth coming.
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