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33.3% 0.4¢ auking mining limited

Ann: Chilean JV with Codelco Subsidiary , page-2

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  1. amok
    3,028 Posts.
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    13/08/12
    11:55
    Post #: 10560249
    Yes it is all very nice to have these JVs, but with a $20 million farm in cost as an explorer in these times, it is perhaps extending shareholder patience a bit.

    Bigger by JV is not the way forward for a minnow explorer I suspect, and raising capital to pay for $20 farm-in at current 11 to 12 cents share price might be downfall in times to come.

    CYU you need some production behind you

    amok
    AKN Price at posting: 11.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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