Looking at a possible market turndown this week, thought I should go back and re-evaluate stocks held, with a view to consider selling AQD as a result of it's downtrending price lately.
Went back through the last few AQD ANN's, in particular the last presentation from 7th May. Forgot just how much potential we are looking at here. Amazing how much drilling and exploration they had planned for June-August from so many different sites in so many different areas. Keep an eye out for upcoming ANN's. Also $21m cash on hand, which is great for an exploration company like this. Anyone considering selling or buying this stock, make sure you go back and re-read the last couple of drill results, but particularly the Managing Directors presentation from May. The stock price and downtrend obviously do not sync with or reflect what's coming up and the potential. Without ramping, it seems a good time to consider buying in, topping up, or at least putting AQD on the watchlist and see.
AQD Price at posting:
12.0¢ Sentiment: ST Buy Disclosure: Held
