“And if pay dirt is hit, no-one will give a damn about AIS’s or ARE’s debt levels”.
This right here is why ARE has always been the slightly favoured stock of the two to invest in with respect to Torrens, especially from my view. They have zero debt and $6m+ cash. But you are correct, all that means little if one of those 28 targets hit the jackpot. Best of luck
Ann: Quarterly Activities Report - June Quarterly 2018, page-24
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