My bet is 2 cents, renewed interest will flow in. They have stalled for a long time with the political problems. It sounds like the ARC team have done some excellent PR down there to get the locals on-side. A good friend (geologist) that heads up another mining company is very excited with the current prospects. He has stated that he wished his Company had this holding as he see's it as a possible world class gold project. With Europe totally broke, the only way for Gold is up. This could be a 2012 top stock pick. I'm in balls'n'all and tapping away at a few more. I wouldn't be sitting on the sidelines waiting for drill results unless you already have a decent holding. I know there are many investors on this thread that are unhappy with the team, but from what I know, they are trying to get things moving quickly.
I like the fact that they have over $6.5 million in cash, so that should place them in good stead to not raise further funds in the short term.
I sincerely hope the long termers make up some lost ground as the price has been smashed. I too would be furious.
Patience is the key here. You may wake up one morning to a very nice surprise indeed. Let's just hope January is a big start for us all.
I've had one of my best years in the market this year, just waiting for stocks like these to bottom. When the excitement starts, it will get back in the fives I believe.
Please don't buy anything on my comments as nothing is certain.
This one looks the goods for me though!
ARX Price at posting:
1.5¢ Sentiment: ST Buy Disclosure: Held
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