In the current environment we need management here to just baton down the hatches and conserve cash. I am assuming the resignation of Rimes is behind this thinking
If they shutter things down, they will be well placed to get funding at better prices when the current reseting of global commodity prices ends.
Boring I know, but they can't afford an agressive exploration campaign at the current share prices.
Funding has been cut off to the entire sector not just AON.
I still feel at 1 cent it is a buy .
IOCGU Deposits, page-4
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