hey all......im a strong believer in this stock and
hold...however i have a q on its projects.
Manilla so far has been highly profitable with some ~$8-9mil after cost revenues expected by end this quarter. That leaves about >$12mil cash in the bank.
However the other parts of manilla, particularly the east, are relatively unexplored and more exploration and costs are required.
Koongie Park appears to have alot of potential, pending the metullargy results, however wont be until end 2009 until any sort of production.
So where does AAR get the additional cash flow to fund this and other projects? are there any/near cash flow projects that will provide additional financing and cash reserves? Although having $12mil in the bank is good, it wont last.
Ohh...thanks DDK for all your insight and followup calls to management......great work mate
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