AAF austral africa resources ltd

surge, page-2

  1. 370 Posts.
    It will run, and it's tempting to sell pre offer, but look at this way:

    -If you sell out on Monday on 1 cent (pre offer) market cap is $7M
    -If you sell out after the offer, double the shares on now on issue, so the same market cap of $7M will equal half a cent.

    So if you think AAF will never be worth more than half a cent after dilution, after sale of smelter, new projects etc, perhaps you would sell out.

    Do you really think $7M is the limit for AAF? This is tiny and this type of share can run in a big way.

    IMO best time to take a punt on a small cap. The US recovery is starting, a few announcements combined with the DOW surging - this new tide will bring all the minnows up with it.

    Raks already mentioned NEU, for an example of what can happen.
 
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