That’s a good question. I’d say there are plenty on the sidelines waiting on the results on trial mining at Stackpool which are due any day. If they are good they will continue into production and then start to develop ROD.
The other issue is cash to get things going. I think people may be waiting for a CR but suspect, as they have done for a while, that they will go with an investor in the top 20 to throw a roll of cash at them.
ROD drilling is good and if you look back there is Kenny’s as well but the question is how long to production for these parts?
ROD was only just acquired 100% so the news will roll on now and suspect trial mining at ROD will begin. Hopefully stackpool results are good enough to generate cash flow to stop dilution.
AUL Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
