I would have thought that AAR becomes a more attractive proposition every day the SP drops away.
Their cash, and soon to be processed gold, gives holders a substantially free carried exposure to a PFS on Koongie Park and to the incredible potential of their base metals exploration at Victoria Downs.
As far as spec shares go, AAR is much lower risk than most, with upside potential many multiples of the current SP.
The important thing to bare in mind is that cash and stockpiled ore (gold, awaiting processing) will buy management plenty of time without the need to dilute existing holders capital.
They just need a bit of time.
I'm thinking the SP might jump if/when they announce further gold processing & sales.
being positive, page-6
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $98.19M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $133.7K | 1.244M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 583503 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 110000 | 2 |
View Market Depth
| Last trade - 15.58pm 13/09/2024 (20 minute delay) ? |
| AAR (ASX) Chart |