a short analysis!, page-5

ARU holders have become vey cynical lately.

The capital raising failed long ago when the intention of a CR was announced long before any details of the CR were known. If my memory serves me correctly, at that time the share price was in excess of $1

Everybody knows a share price commonly dips during a CR down to the level of the CR. The share price was smashed down in long anticipation of the failed CR. Management hoped they would be able to pull of an ambitious CR based on a share price ARU had months ago. Management failed to preserve that share price when they forewarned investors of a CR, as a result the CR failed.

ARU need to address such cynicism of it's new and long term investors. A few good drill results and another powerpoint presentation aren't going to be enough to restore the confidence we once had. We need to see definitive results from the ongoing BFS. Even if the information is a bit premature, we need some positive progression.