Last week or so i asked about the finance and he said yes, he had just resigned the agreements with financiers. As for stratdome offtake, if you look on their website, alara is the only client that they are promoting at their newsdesk, so i think for an emerging metal trader trying to carve out a name, they need us more than we need them.
As far as i can make out, finance is not even remotely an issue, and that is the key reason why i have bought a larger position this time.
Selling today would be either an impatient short term holder or perhaps it could even be an opportunistic attempt to lower the weighted average price (think $2m share issue)
I dont think it will leave any long term scars. Big things about to happen here.
AUQ Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
