AAF austral africa resources ltd

What do people make of the announcement?-Four new tenaments, a...

  1. 370 Posts.
    What do people make of the announcement?

    -Four new tenaments, a total of 8 now in Congo
    -$2M funding raised by allocation of 200M shares to Sino
    -Sino Mining remain as an investment vehicle

    What we need to see
    -A clear timeline for the exploration work
    -A business plan to create shareholder value from the tenements (JORC etc)
    -A map showing the location and other successful miners in the vicinity of the tenaments
    -More good annoucements re Oz tenaments and smelter revenue (another million in the bank this quarter perhaps?)

    As we know with AAF's existing tenaments, it's what you do with them that counts. Lot's of potential here. The kicker would be another million profit from the smelter in the next cash flow report due end of July.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.