Unfortunately, State One are not a highly regarded broking house.
The fact that ARU's Nolans Bore deposit is in the NT and not WA is a seemingly unmistakable fact, one click on the ARU website would clarify that... yet they get it wrong?
How on earth do they expect to attract clientele with completely incorrect and mis-informed recommendations/advice like that?
Whilst I agree that AEX is undervalued compared to peers who have nothing but tenement holdings (no JORC of any description)... someone at State One needs to be shown the door. ARU is one of the best investment opportunities on the ASX over the next 5-10 years, and State One have got their wires badly crossed.
Nolans Bore could very well be Australias next Uranium producing mine.
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