The whole point of my post today was to point out that there will be at least two majors looking at an acquisition of AAR and I would say that neither one of those majors are going to let the other have AAR for nickels or dimes. My understanding of Mandilla is AAR want to prove up 1 mill ozs in Theia's pit shell and then build a 2.5TPA plant they have 875000 ozs at present at Theia, then drill the rest out while producing hence no need to raise capital for exploration. Must also be said there are probably more then one mid tier producers looking at AAR thinking they should add a mine at Mandilla to their portfolio. Mind you 20c is probably what the AAR SP should be right now. If an acquisition happens this year then they are going to get a lot of ozs for free aren't they !
AAR Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
(20min delay)