Pretty negative comments V, how much have you lost on this one?
It is a spec pure and simple.
It has some ridiculous upside (Olympic Dam2 or bigger perhaps? It's the last place a gravimetric anomaly of such proportions has not been tested in Australia) and there will be a bucket load of speculation going on when torrens drilling approval is granted.
World Class is the terminology used on the Straits Website under exploration projects. Straits is a well run company and they don't go for dog prospects.
FOMO (fear of missing out) will drive the price up on this baby at some point when things get moving again. In the meantime, it is one of the more frustrating shares I hold but hold nonetheless will continue to hold.
It provides better odds than the lotto;)
ARE Price at posting:
4.7¢ Sentiment: LT Buy Disclosure: Held
