My guess is they will sure-up the 1m oz and sell it to one of the big boys up the road for 20 cents a share. Not a bad return if you were to get in at today’s price. I just can’t see them getting finance in this environment for a fully blown mine (quarry as it’s near the surface).Royalties at best. It’s a pity for AAR as to what’s happened with AKN and there cap raise..NOT Maybe they are both linked to put us in this situation! The price of gold is so high nowadays compared to when JJ had Troy but other materials are the “new gold”. I bought AAR because I knew inflation would become an issue after government spending as most people did. But gold hedging seems to have finished its run. I like in general what yachty has to say I recon he’s all over it but GOLD IS OLD SCHOOL hope we make dollar. cheers Gary
AAR Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
