Nice little risk v reward here. 2.6c entry with 1:3 listed options at say 0.09c brings my buy in to 2.3c. If the McArthur IPO gets away that’s worth about 1.9c implying that everything else is worth just 0.04c, which is so far under valued it’s laughable.
Add in a constrained supply environment which is positive for prices, improved (hopefully) production numbers and potential upside with exploration and I’m pretty excited to see how this plays out.
Biggest risk short term is if the IPO doesn’t go ahead but they sound like they’re well progressed and comparatively the price they’re looking at looks ok.
This forum seems pretty quiet though. Doesn’t seem to be too many holders?
AJQ Price at posting:
3.3¢ Sentiment: None Disclosure: Held
