Sorry for late response, have been away this weekend and just checking HC since my last post. Regarding your question on "why would it fly?". There are many factors to consider such as: 1. Recent sp and vol trends indicate that the selling off (offloading) has ceased or has become minimum and people adding 2. The recent new substantial shareholder demonstrates confidence that the sp has bottomed to reasonable buy levels in relation to the value or projected value of the company. This confidence building is what the market is looking for. 3. Recent emails (already discussed here on HC) explain that other holders such as KD's 4% will not be for offloading and the recent sale by company secretary was for salary reasons. 4. Lastly ARO has made it clear in its prev ann that it is actively seeking for new exciting ventures/JV so with all the confidence building explained above, sp and vol trends, it clearly points to a very exciting week with a possible JV/New Acquisition ann.
I hope I have responded to your questions. Other HC have provided some insight as well. Happy trading!
ARO Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
