What i would like to know is how much is the start up costs roughly going to be for AQR to commence mining down the track?
If we look at the problems that Moly Mines are having in funding their operation and the lack of potential funding (they currently have a shortfall of some $900 million)then it does not paint a promising future for AQR.
Their talks to potential partners in Hong Kong over the past year would have in light of the current global picture, been a waste of time and money.
I notice that 3 directors have nominated themselves to receive 2,000,000 free options at this years AGM, albeit escrowed for 5 years with an exercise price of $0.20.
I reckon i would gladly accept $0.20 a share for my holding at present along with many other holders of AQR.
Oh! the perils of investing in small cap resource explorers!!!
speeding ticket, page-4
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Mkt cap ! $359.5M | |||
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