There has been a very wide spread on AQI the last week or two, any buy is a 15% jump, and sell is a 15% drop!
With the projects, JV partner and share register they have behind them the tiny $18mil market cap is a bargain and offers a great risk/reward scenario with limited downside but massive upside as the exploration reveals the potential under their feet.
Warwick Grigor (Far East Capital) is particularly bullish previously forecasting a move to $1 this year:
"Prudent investors will be taking advantage of these low prices to add to their holdings, with reasonable expectations of a move to $1.00 plus over the next 12 months".
