Hi Tas
U asked me to do a quick look mover this stock
You have MD resigns
Director shuffling all over the place
$1 mill in the bank
MC of about $11 mill
Selling off most of the assets
Lots of cap raisings
Lost $5 mill last year.
IPO listing in the next month or 2
Name change to Austral Africa Resources.
Honestly......the AIM listing wont do as much for the SP as some of you think imo.
This stock is 2c for good reason.
Need to get the smelters back up and running otherwise the SP wont be far off whre it is for a long time.
Give it 2 months and u may make some money yes....but I wouldnt be holding out for a big return.
cheers
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NWA
new world alloys limited
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