My views are somewhat contrary to a number of the views above.
A number of things I would say to look at - especially when compared to other spec. stocks in the marketplace.
1) they are a producer of gold - ie they have revenues - albeit the last quarter was not that hot
2) they are cash positive on an annualised basis
3) they are profitable - look at the cash statements - $10MM of revs and $1.15 MM of net cash - which we should expect will be reflected in annual report, which will when released will draw more attention.
4) Directors remuneration implied not to be that high - 06 accounts - show very limited drawings - and with annual admin expenses $350k last year - implies little if any increase in directors' remuneration - so where will they generate their value - from the same as long -term holders - share vlaue.
With underlying positive cashflow and profitability the fundamentals of the business are heading in the right direction. To a degree the last quarter smells a little of balance sheet maniputalion and some form of agenda - maybe their expectation the gold price is going to rise - looking at the age of the directors - they are experienced.....
On balance for a short-term trade - its a poor announcement ...for longer term holders I see this as a solid underlying performanace with the management getting the fundamentals of the business right and not unecessarily converting ore to finished gold - for what purpose.....when the cash generatability of the buisness is there...and the development and exploration is essentially self-funding....
By comparison to a hell of a lot of other spec stocks out there this is still a little hidden gem - compare this to other specs that are all about blue sky and not based on actual production and profitability.
For longtermers this will pay off IMO for traders - well go find someting else to play with - and I include myself in that capacity - I have some long-term but also trade the short-term volatility.
Just my thoughts - happy to have healthy dialgoue but for me this is a longer term hold.
DYOR
- Forums
- ASX - By Stock
- AAR
- ann out
ann out, page-32
-
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.3¢ |
Change
-0.001(1.19%) |
Mkt cap ! $78.55M |
Open | High | Low | Value | Volume |
8.5¢ | 8.5¢ | 8.3¢ | $11.20K | 134.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 52706 | 8.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.5¢ | 107221 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 52706 | 0.081 |
1 | 138411 | 0.080 |
1 | 125000 | 0.079 |
1 | 12000 | 0.077 |
3 | 203805 | 0.076 |
Price($) | Vol. | No. |
---|---|---|
0.085 | 107221 | 1 |
0.090 | 225692 | 3 |
0.091 | 20266 | 1 |
0.095 | 42200 | 2 |
0.097 | 10319 | 1 |
Last trade - 14.54pm 16/07/2024 (20 minute delay) ? |
Featured News
AAR (ASX) Chart |