Well, some people really do not take the time to read about a companies activities before buying or selling. Those people selling right now must be incredibly stupid or maybe are just to lazy to take the time to read simple investor information on the website.
So let's have a quick look at what you can find within five minutes if you took the time;
So, this company is literally just about to start on site after completing the mining accommodation.
The top 20 holders are holding onto over 70% of the share registry in the company.
The have funding of $60 million dollars from key stake holders to drive the company well into production for years.
Macquarie are buying because they can see the potential and is probably why they have some of the smartest/best brokers.I would agree with the sentiment from the other member's, why is this SP not over 10 cents right now. Short answer, probably being accumulated by the smarter investors OR the 5% as they would say!
It is a "BUY" and hold from me for this year and would not be selling at the moment considering the backing these guys have from very big players. Anyway, all in my opinion. I told Hotcopper member's to "BUY" another stock last week when it was 1.2 cents...(NOW 2.2 cents)...
Hard to find good, solid companies on the market these days, especially in this climate, But these guys tick all the boxes from my opinion.
Good Luck to those investing in Alara Resources Limited.
Have a nice day!
AUQ Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
