I know the company has lost its reputation for not being able to keep up with its promises .. therefore delay after delay... Putting key people in place does not necessary the FID is on the front door... many do this and fail badly - plenty of them in ASX putting a team together at the end just to see the cash in the bank gone... and CR at a depressed share price...
Will this project go ahead .. I believe it will.. why? because we need ndpr?? yes we do but the main reason is ARU will be an insulation to Chinese manipulation ... Will the FID early next year or end of the year? I don't know. Does the BoD knows? Perhaps, they are just hoping it will be soon because they have not secure what they need to secure.. the share price tells us all ...
all in all, it takes an oil exploration at least 10 years to become a producer if they survive .. I am not an engineer and I am here to make money like everyone else and i hate to be in red but it is what it is.
I might make a fortune out of ARU or I might lost all my money like I have been with other shares that went VA.
That's my two dots ..
ARU Price at posting:
11.5¢ Sentiment: None Disclosure: Held
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