AEA 0.00% 49.0¢ altera resources limited

lynch prefers indonesian coal plays, page-6

  1. 537 Posts.
    Coop it is puzzling to see how few HC members -precisely one, your good self- have been following this 'sleeper'
    There are two ways to make money in resources:

    1. strike a glory hole a la SFR's Degrussa -v.low probability of success.
    or
    2. back excellent management with demonstrable track record-
    in a clean shell with few shares on issue who vend excellent projects 'value-priced' into the company i.e. AEA ...

    The latter has to be the most undervalued and [relatively speaking] low-risk play of all the juniors listed on ASX!!

    After 30th Nov shareholders' meeting the A-Team take control
    IMHO we have the prospect of quite a ride to savour.

    Oh by the way the product is Coking coal in Indonesia..which should have production within 18 mths.

    By any measure of other peers in the sector a market cap > 1B within two years is not an unreasonable expectation
 
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