AYR is another good trade to be had imo$2m mkt cap12mths of...

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    AYR is another good trade to be had imo

    $2m mkt cap
    12mths of inactivity
    just completed $600-700k rights
    est $300 cash
    $100k qtr corp opex

    1,500m RC program on just kicked off on Warmblood
    Warmblood is a small, high grade, jorc, typical WA gold deposit
    last year had high grade hits outside jorc
    this program follows up (beneath) prev AC drilling

    Andy Viner is the new MD. Horsewell not his project. he owns 6% from about 2.5-2.3c. he's negotiating for a new SE Asian gold project

    logic:
    RC program will hit a high grade shoot
    sp will spike [15 months ago spiked to 7c on Horsewell drilling]
    but the real trade will be the new gold project

 
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