Good Afternoon to IGO4IT and all who read this thread.
Let us pause for just a moment........ and daydream about the possible validity of IGO4IT's post.... Shivers go down our spine. Hairs go up on the back of our necks and $$$$ signs flash before our eyes. All this for just 2.6cents!!! Are you kidding me!! Be still my rapidly beating heart!
Now don't think for a moment I'm being flippant towards IGO4IT's most recent post, because I'm not. Our AAR 'bull' has taken plenty of time to put together his most recent offering, and far from attempting to belittle, I for one am here to applaud its even-handedly explained contents. (I actually gave him a thumbs up and it didn't register)
IGO4IT has sifted through multiple quarterly reports to put forward a plausible offering for what could/may/will occur over the course of the next twelve months.
But here's the thing... What a sad state of affairs when a shareholder feels the need to explain to the readers of Hot Copper what he thinks we MAY have and what we MIGHT do with it, if indeed we do have it!
Imagine if IGO4IT's offering is pretty close to the mark. If it is, then we are obviously seriously undervalued.
Now imagine what existing holders and the market at large would do 'IF' management informed all and sundry that IGO4IT's educated guesses are actually very close to the truth..... Got the shivers back again?
OK - back to reality.
As plausible as IGO4IT's offerings may well be, how can the masses go on an AAR buying spree without and/or before management actually confirm same in clear, human language? Bear in mind that previous 'hints' from management (aka 'reasonable expectation of early success at multiple leases') don't always get publicly followed through on.
With the current world financial situation being as it is, short of anything definitive being released, in the short term our share price is likely to languish in the low two's, or even drop back to the mid one-cent range.
Our first real positive, definitive lead may well be if/when we go down to this price, as going on past history, this is when Angus has been known to swoop in and scoop up a couple/few million shares at a bargain basement price.
If that actually happens, a massive wave of mixed emotions will overwhelm not only me, but I suspect a large percentage of long time AAR shareholders.
Seeing Angus buying again would give us renewed confidence, whilst at the same time making us, or least, certainly me, say 'c'mon man - level playing field please'!
To take the general tone of part of a post from Johnnyd9 on the BCC thread from a week or so back, 'We own part of a business, and have a right to be well informed. Only then can we make a clear investment decision'.
When I went to the AGM and brought up the proxy vote 'early success' line, Peter K. had no idea what I was talking about! Suffice to say, unless and/or until something comes out in clear, unambiguous language OR Angus or a fellow director buys more on market, how can any of us take the risk of buying further shares?
We've had our 'debates' along the journey IGO4IT, but be assured that this reply IS NOT a jab at you or your post. In fact, it's quite the opposite.
If this wasn't about the serious business of people's money, this ongoing saga would be rather comical!
Regards
RM (AAR shareHOLDer)
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $162.2M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 13.0¢ | $99.34K | 738.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 39111 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 681627 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 49111 | 0.135 |
8 | 990210 | 0.130 |
5 | 385080 | 0.125 |
13 | 839699 | 0.120 |
4 | 485000 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 681627 | 6 |
0.145 | 359653 | 4 |
0.150 | 234406 | 7 |
0.155 | 150000 | 2 |
0.160 | 360650 | 6 |
Last trade - 10.33am 19/11/2024 (20 minute delay) ? |
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