AUQ 10.3% 4.3¢ alara resources limited

Who are they kidding?, page-75

  1. 852 Posts.
    IMO. They need to raise capital.

    There remains concerns with the leases and the JV. From what i have seen of management, they don't appear to have a good handle on this. Yes...Well known issues, but some prefer to ignore the risks.

    I don't get excited by the NPV broker spruiked valuations.

    It boils down to a view on the ownership. The asset looks ok to me.

    Until resolved, i see no need to be here, my money is going elsewhere.

    Disclosure: I was a holder, sold out at 10c

    Sorry no silver bullet for current holders.

    LM.
 
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