the future

Hi all

Sorry I missed your post Bella before it got moderated. I agree with sg10 and the dragonce. Don't be surprised if we get an announcement very early next week highlighting the massive potential mcphee might have and when a drilling program will begin. Uranium will be the flavour of the next decade so any outstanding soil samples will stand us in good stead. Before we lynch aro lets look at what they have done.

Got a nice slab of nd with which the 60% they purchased is now finally theirs as of the cleansing notice. A fact overlooked by many.

Got nt at a time whe negotiating became more expensive, drawnout and tiresome due to the interest in doolgunna. As I understand it anthropologists rates per day have doubled. So negotiating couldn't have been easy.

On nd, they have done soil sampling and are awaiting results

Mcphee imho the sleeper. For anyone who bothered to read the annual report (which I did) there were already over 30 annomolies of interest, one in particular was along strike of 1.4 kilometres. Now if it is high grade which the soil samples may allude to and if it is at depth, that one strike zone could be in itself a company maker.

Imho, they will have lab results for mcphee ready to be released to market next week.

There is also the prospectivity of potentially huge diamond leases. Rio's expenditure nearby would clearly indicate that aro's diamond leases are in an exceptional location.

At this stage there is also the acquisition. Despite my earlier excitement and I am now of the view that is in line with many others. If soil sampling is positive, we have got the money in the bank lets get the drill in the ground which I can see early in the new year.

The cr, it is a bain on the very existence of shareholders. Lets be realistic though. The u.s economy doesn't inspire one with confidence and the ready availability of cheap money. The cr was done at 005, the money is in the bank. Running costs are low and we should be right till next xmas unless we begin drilling up monster finds in which case the sp will be multiple times higher than it is now.

All in all, I would give them a solid pass as they are doing what they said. Where aro could improve is promoting themselves at nd and mcphee (this may happen with good results) and commumicating with shareholders.
Just my thoughts.

PGamble