AON 11.1% 2.4¢ apollo minerals limited

News coming !, page-19

  1. 7,990 Posts.
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    Micro caps with limited cash can not afford delays of any kind on stated timelines. Each fortnight that news is delayed AON seems to roll down a spread. The problem for AON now is that we are on critical support, so any further delay could see the mkt broken. Then we would have a very expensive cost of capital heading into what could be a heavy share printing period post AGM.

    But as a general rule a micro-cap with real assets, some semblance of a business plan and management that can at least hold a fork, is ok to buy sub $10m mkt cap. AON currently $7.5 mill.

    GL
 
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