AAR 8.22% 7.9¢ astral resources nl

$3500 worth & a speeding ticket???, page-2

  1. 12,163 Posts.
    lightbulb Created with Sketch. 1290
    ASX actually has a "board"... ;-)

    they were not bored when they sent out the query...but it is not for speeding as you imagined it to be....just a please explain wrt to diminishing funds...

    one ASX rule (someone can fill in with proper details) states that a company should not be trading if it is not able to fund its day-to-day activities...so they are checking what AAR has to say to how they will be floating around by the time of the next quarterly with just $45,000 in hand...

    the ONLY good thing about AAR is that it runs on fumes off an oily rag...of course, it does absolutely zip year round but does not waste money like most juniors/speccies on ASX...

    one of my penny dreadful spends 10 times more in a quarter than AAR for the same results...so AAR is far more frugal... probably that is the reason I have a sliver of faith in the management...
 
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