"Apollo continues to review other opportunities in the iron ore sector in Australia and overseas and the non-binding MoU with a strategic Chinese partner will provide further assistance for Apollo and its iron ore acquisition strategy in an effort to become a significant iron ore company."
and
"NEW BUSINESS With a strong cash position, Apollo has commenced preliminary review to invest directly and indirectly in a number of mineral resource projects focusing on iron ore."
It certainly looks like it's all about to start happening for AON and having the Chinese (and Artemis Resources) backing this company is a huge bonus.
Strong signals being sent that there are more projects to come.......
AON Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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