AAR 0.00% 10.5¢ astral resources nl

Hi ,It is good to read opinions from all sides . ThanksI have...

  1. 108 Posts.
    Hi ,
    It is good to read opinions from all sides . Thanks

    I have renewed optimisim , as a lot of questions for me were answered in the quarterly. Sure , there will be a cap raising sooner or later, and it is not projected by AAR in the announcement , as projected costs for current quarter is 400k + some , out of about a million in bank.

    A lot of drilling is underway , or being mobilised for this quarter . Sure they could spring a cap raising anytime , but projected expenditure is less than 50% of cash in bank. I expect ,(with some hope thrown into the equation), that good drill results , and expanded resource will garner interest from investors.

    I too can see through the 'gloss' of the announcement, a few fancy words thrown in , yet overall , upbeat.

    This stock is a gamble for me like it is for all shareholders .

    As far as the Henry tax thingo ... it is actually good for AAR , what a delight it would be ,to be in the "super tax" bracket!!

    that was my 2 bobs worth.
 
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