AOH 0.00% 12.0¢ altona mining limited

NoBananas - current share price and asset value don't have much...

  1. 160 Posts.
    NoBananas - current share price and asset value don't have much to do with each other in this flat market. Fundamentals eventually win. Take a look at Linc - very asset rich - price pumelled by shorts to sub 50 cents and a few things fall into place and asset value starts to be appreciated - now 2.16 over few weeks. Fortunately they had growing US oil revenue to see them through.

    AOH has a great asset in Qld and a good (and what appears to be a growing) cash generator in Finland. Won't be a quick profit on this one but IMO should be a good profit. I am optimistic that AOH will be able to get Roseby operational while maintaining a substantial interest.

    Furthermore, I prefer management who push the facts not blue sky. Long term much more credible.

    Osake - thanks for the pertinent updates. Not much warmer here in London at present.

 
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