Been following AQD for a few years and managed to get out in front (just) almost 2 years ago.
Back reading the threads I find the same old (disguised as new) company announcements, talking about new drilling here and there and everywhere, new JVs with everyone who is crazy enough to dig a few holes in the middle of nowhere.
The common indicator of all the announcements is the target date is always in the future ... way down .... and before those dates AQD will naturally need some money to dig the holes, and fulfill obligations with JV partners, etc.. etc...
In the mean time, new investors read these anns and get all excited thinking this will be a money making venture ...
It will be, and has been a money making venture ... but not for the common shareholder ....
Keep your eyes open people ..
AQD Price at posting:
1.3¢ Sentiment: None Disclosure: Not Held
