Seems to me a low-volume over reaction in a volatile uncertain market. A $10m cost over-run is a fair amount (given market cap of ARX) yet (long term) more than compensated by the higher price of gold since the project was first advanced — it's just a shame they need to raise the funds. No further delays to prodn is even more important imho. More positively there remains the likelihood of a resource upgrade at the main mine site, plus exploration is underway in other parts of Java & W.Papua. It still seems a worthwhile explorer and near producer, though like all juniors carries risk. So no panic for me unless volume increases substantially! Good luck.
ARX Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
