"Following the acquisition of GNR Minerals, the Company’s focus shifted away from the existing Indonesian asset (Trenggalek Project) and on to its flagship Manitou Gold Project in Ontario, Canada"
... 'Flagship' .... more like an old beat-up Cambodian fishing trawler !
... it maybe years before ARC firms up drill targets in Canada and drills and unless the Trenggalek drilling eventuates, then if no new projects are acquired or JV's, then how low can ARC go ..... back to 0.001 ?
... at least the Admin costs are down. Perhaps our board suspect something is on the Canadian project that is worth chasing .... hmmmmm [perhpas the magic ASX word 'Lithium']
... Indonesia is Indonesia, but doing near nothing as so far on the Canadian project should be nearly inexcusable and may show how when 'not' part of a large group, these guys may have trouble running a carpark .... !!!
Go the ARC !
... DYOR ... big time on this one ............. ARC is still imo a 'shoot to the moon' type stock ...
Ann: Quarterly Activities Report & Appendix 5B, page-11
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
