chaeck the aru connection, page-2

Has to be one of my quicker research and buys.Believe it or not saw the annmnt in the Tele at work today and had a quick look at the annmnt this arvo.Simple and to the point and they have plenty of cash for 2006 drilling.Whats more the company doesnt get heavily commented on on this site so it cant be all bad,eh Macrae.

Market cap only 24M.So with only around 55M on issue this allows plenty of scope for more cap raisings come the effort to finance the mine.With any luck the Ching Lees will want in on off-take financing which should minimise any drastic dilution.

So you have some company Plough with someone who bought higher than you.

Any other reasons you jumped in Plough?

I havnt had a real close look at what theyve got resource wise yet.Bit of a punt really but it may just not be a bad one.

d.