re: Ann: Acquires 100% Interest in Zambian Ur...
I believe AFR is and will remain uranium. Why? probably because it's a lot cleaner and will become increasingly more valuable than coal in an environmentally focused world.
The coal find has been fantastic for my shareholding.
I believe buyers will clamber over the coal asset and it will be sold. It would be nice if it were to be a RIO TINTO type buyer but an Indian buyer would be good also.
The current exploration will allow AFR and potential buyers to put a value on the resource and in turn a valuation per share. Maybe a sweetner like ongoing royalty.
I doubt much of AFR's current valuation takes into account its uranium assets anymore but the interest at this time is how much per share is the coal asset is worth.
Hopefully upwards of $2.00 ps but at this stage we are guessing. A little time will tell.
AFR Price at posting:
94.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)