All I can hear is crickets. The quarterly read very well to me....

All I can hear is crickets.

The quarterly read very well to me. While the share price makes the company appear to be doing nothing, they are clearly working towards the approvals for Murdie. Owning 100% of this project which has world class targets similar to the Torrens project but much cheaper to drill as predominantly of the lake. ARE went to 3 cents on the 30% of Torrens (we all know what happened there), so once the last 2 approvals come through hopefully this month or next, whats to say it cant happen again.

ARE are in the box seat with 100% ownership and there are a number of options available. Yes they will need money but a farm out could solve that.

I understand shareholders angst at the Torrens debacle, it hurt me, but ARE can put that on the back burner as it doesn't cost anything sitting there and with AIS having funding issues, maybe they might sell their 70% to a larger producer. Im not factoring in Zambia as Africa is tough but who knows, it looks interesting.

Anyway, surely a good punt at .5 of a cent.