I'm beginning to think even an acquisition announcement of substance won't drive this very hard at all. Let's not forget there is still 210 million options to be converted at 0.002 by end of June this year.
As of right now, to convert and sell those still represents 200 % return on top of initial cost of converting plus they get piggy back options as well. As much as I hate to say it, ARO is stuck around this mark until at least the end of this financial year when the unlisted options must be converted by. Best case scenario (IMHO) is a GIANT announcement comes our way soon but gets sold into with 210 million freshly converted unlisted options and we wait until that lot is exhausted before we get any real notable movement. By that time we may all be sitting here waiting for the next announcement, just like now.
If your waiting for an immediate increase, it's just not that likely this financial year.
Again, IMHO only.
My answer ........ go on holidays.
ARO Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
