Buy at 0.2c --> 0.3c = +50% and 0.4c = +100%, page-2

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raiderup

28,659 Posts.

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12/06/19

09:15

Post #: 39012622
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Originally posted by smartinvestor1: ↑

In my view, ANL has a fantastic risk-return profile at current price levels.
Looking at the company’s market depth, sellers at 0.3c are getting fewer and fewer. Currently, there is $244k worth of paper left at 0.3c.

If market sentiment turns and tax loss selling is over, ANL could go to 0.4c and higher.
As announced on 23/05/2019, a 3,500m drilling program is will start at Giro in June. Let's keep our fingers crossed and hope for good drilling results in July/August/September?

With more than $5m cash in the bank, the MOU to acquire the prospective Gada tenements and a resources of more than 3 Moz gold at Giro, the downside of ANL seems to be very limited at a current market cap of only $10m.

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I'm not sure why their bothering drilling at Giro, given Gada is 80 ks away, surely Giro will be sold off?
When will the DFS come out, second quarter , tic toc ?
Klaus aint a producer guy he's an exploration guy.

Raider

ANL Price at posting: 0.2¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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Buy at 0.2c --> 0.3c = +50% and 0.4c = +100%, page-2

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