AAJ 10.5% 1.7¢ aruma resources limited

Ann: Investor Presentation, page-47

  1. 34,916 Posts.
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    Gold price is pretty irrelevant atm, company is a long way from producing gold, a fair way even from a BFS on which profitability will depend on the gold price. Just need to concentrate on proving up the resource and progress in that area is what will drive the share price up, not the price of gold.

    Around 2mill of new stock placed on the sell side this morning to create a wall between 2.2 and 2.4c.
 
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