In my view, ANL has a fantastic risk-return profile at current price levels.
Looking at the company’s market depth, sellers at 0.3c are getting fewer and fewer. Currently, there is $244k worth of paper left at 0.3c.
If market sentiment turns and tax loss selling is over, ANL could go to 0.4c and higher.
As announced on 23/05/2019, a 3,500m drilling program is will start at Giro in June. Let's keep our fingers crossed and hope for good drilling results in July/August/September?
With more than $5m cash in the bank, the MOU to acquire the prospective Gada tenements and a resources of more than 3 Moz gold at Giro, the downside of ANL seems to be very limited at a current market cap of only $10m.
In my view, ANL has a fantastic risk-return profile at current...
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