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3.9¢ aphrodite gold limited

Questions for the management?, page-13

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07/09/16

17:27

Post #: 19000743
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Originally posted by Barolobill ↑

As I mentioned in a previous post, AQQ haven't had this much cash since 2011!

The environment that AQQ inhabits is different this time around. Gold is in the early stages of a new bull, in AUD terms it's at all time highs (not adjusted for inflation) and costs are back to normal after the 'boom'.

The board is new too, so let's hope this team does a better job than the last!

One thing I'm quite certain of is that they won't spend a cent unless it has the potential to add value for shareholders.

They need to come up with a clear plan to dig up and process the refractory ore at a reasonable cost. If the Beer & Co report is correct, finding $60mill sounds achievable in this market, given the reserves and location.

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Indeed , mate time will tell. Hard to predict anything at the moment. I'm sure Peter's interests are our interests.Relax and smell the GOLD..........

AQQ Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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