There are multiple probabilities , I suppose as has been...

There are multiple probabilities , I suppose as has been mentioned its time vs return on investment . As time goes on I will be deciding on my position . Once we have proved up after the next drill at Cangello AQD will again be a different company. Add in the 2 other "new" Peru projects and us re visiting our previous projects and 10 cents a share is certainly easily achievable . Also during that time , S32 will be pushing AQD to continue on all projects in Australia , which may also provide us with extra added value .

Managing risk and also the companies capabilities and financial capacity will have to be balanced well. The boards and top shareholders have enough business acumen , and knowledge to steer us in the right direction.

2025 will shape up to be a very pivotal year , for AQD and many shareholders . Many along the way will sell portions to free carry for the long run. Not that I love paying the taxman heaps of $$ and taxation should not be the over arching reason to sell, but for some it may have a bearing.

Fortunately I have quite a few in my self managed super fund, so it is taxed differently , however any in trading account are valued at June 30th and tax paid on any profit (even though its not realised profit.)

Throw in the 47% tax and 2% medicare , if you have a few shares and if it continues the rise, a good and bad problem to have

We will see gyrations, and rerates, as we are firmly on the radar . We all have different investment objectives and looking for different outcomes.

As I have mentioned, for my situation, a major either buys in a % once we have more detailed drill results and have increased the value , there buy providing AQD with a % of the project with all future costs covered by the major , so we are derisked and no dilution. That amount can be that special dividend (of at least current price) so everyone can be free carried and we still have upside as we own a % of the project and all other projects. or a complete buyout of that project, either with cash or scrip in the major taking it on (Ie S32) (I have to research tax implications of a scrip offer , as profit not realised yet )

Whatever happens we are all looking at a great year ahead and its always good to have the differing opinions and thoughts .