AQA aquila resources limited

looks terrible, page-5

  1. 544 Posts.
    Please explain coming from ASX IMO.

    Would like to think the fall in the SP is only temporary as it has maintained a level of around $3.85 for some time now when others have come off considerably more - I think due to the nominal debt and strong cash reserves AQA have as opposed to a lot of others with large debt and not a lot of ready cash to make debt repayments / reductions. Note $157M in bank at end of Sept Quarter - gotta be a positive in this market.

    Unless of course something is happening behind the scenes. Wouldn't put it past the Chinese or even someone like BHP to drive the price down shortly before a takeover bid.

    Coal price recovering slowly so maybe a good time to top up.Just a bit nervous as we may not have seen bottom yet.
 
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