Quick summary of ARM (Aurora Minerals Limited): Positives: 1. New yearly highs & broken out on the chart. 2. Strong experienced management team. 3. Tight share structure only 81m on issue (refer Recent Presentation Nov 2009) 4. Manganese companies can command very high Market Caps i.e. OM Holdings $900M or ConsMin before privatisation 2008 $1.15b. 5. Current 3 week overseas roadshow lightly to attract new big buyers to this stock. 6. Management must believe in this story as roadshow is international rather than domestic. 7. Many stocks recently have performed after roadshows i.e. Nortons Gold (NGF)rather money above their previous market price. 8. Large strike length & multiple targets.(read recent Presentation company is using for Roadshow). Negatives: 1. Company only has $5.2m cash so at some stage could be looking to raise money. 2. Much of the drilling of targets is scheduled for the 1st Quarter of 2010 due to wet season starting soon. Please do your own research as no investment advice given. Regards Buffett
