AAR 8.70% 10.5¢ astral resources nl

riu explorers conference, page-21

  1. 2,733 Posts.
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    Thanks RM for an upfront review of the conference.

    From my point of view the funding of all this remains unclear.

    1.6m in the bank at present as per the presentation slide, the last 6 months has seen over 750k spent, by the time november comes there will be less than 1m.
    Noel O'Brien and Coffey Mining surely have to be paid somehow. How long can this be sustained. Something has to give.

    I sincerely believe that a genuinely positive announcement will be made in the next couple of months, even the directors have to be paid.

    At least a positive announcement will cause a good rise on a % basis. If AAR is undervalued as PK reluctantly said then finally some common sense may prevail in the market.

    Reading RMs report, today did not help our cause.
    Just got to wonder. It's so frustrating when there does appear such good prospects for AAR.
 
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