re: Ann: Aircore drilling commences at Alford... The market and share price of ARE can be hard to predict!
They are almost out of money and have sold their building in NSW.
They are also looking at Farm-out Joint Venture or Private Equity investment to fund major drilling programs and a feasibility study.
These are fairly negative things I think...
And the share price is looking stronger than it has in a long time. Maybe it's the aircore drilling at Alford that is causing the interest.
I've always thought Lumwana was the company maker for ARE. (I no longer consider Torrens in the immediate future, although if they ever start drilling there, that will do wonders for the share price).
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