AAJ 0.00% 1.7¢ aruma resources limited

Ann: Quarterly Activities Report, page-2

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  1. 2,837 Posts.
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    Seems this DOG is on its last leg.

    Interesting management have undertaken pay cuts. They tried their luck at the ground they had, hoping to reveal a superpit but clearly failed miserably.

    Now it seems they’re starting from scratch again, hoping to spruik enough interest to get the SP to pump up again.

    Who would be crazy enough though to invest here on the back of past performance?

    700Mil shares on registry is still decent though. But with only 700k, how are they going to manage to achieve the next drill (whenever/wherever that may be) without further dilution.

    Once a penny dreadful goes over 1bil shares, it usually becomes a P&D prone catastrophe...

    all imo.
    Last edited by Mr Hamilton: 29/04/20
 
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