Well the update released by the company seems to read like a bit of a joke, aerial fly over delayed, ground survey has been cancelled because the company organised to do it had booking problems (but its ok because the people responsibile have resigned)!?!
So Ellendale appears to be another year off being drilled.
In 06 there was talk of Sth African opportunities however there has been no mention since nor is there any mention in this report. If these were going ahead (as previous cryptic posting would sugguest) why wouldn't the shareholder be notified?.
Along with the board spill there doesn't seem to be anything positive about this company atm (other then a tight share registry).
Cakecooker, Wonky one and co, do you have any idea of what is in the pipeline that is going to turn this company into a 30 bagger or are you just running on hope (like me)
I realise most of my questions on this stock have been ignored however I'm just trying to work out if this is just another crooked stock designed to make money for everyone but me.
ARO Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
