multibagger stocks - which ones?, page-42

A few people have mentioned ARE so I took a quick look. Cash on hand is at about 9m (post sales of shares) and market cap about 10m. Sure there's not much downside so to speak with that much cash backing.

Perhaps there is some upside?

I first took a look at the board. 3 Finance/accountant, and 1 Geo. And that 1 geo has 16 years of experience, 4 of which is gained in ARE. There's also no mention of what company he has worked with. Personally I won't touch an exploration ompany with no strong geologist executive director.

Assets. Gold in Laos seems very nuggety, and no continuation in the vein. Laos just changed its mining laws. Does ARE need to resubmit revised foreign investment application? Zn asset in Australia will not be feasible until a much, much higher zinc price materialise. Why did they spend money on doing metallurgy tests on 2% Zn ore anyway?

The above are just my opinions. I do not hold the stock and have no intention to hold in the near future.