Have been looking at AQD's share price and pattern of movement. First we had the annoucement in Nov 05 of a possible tie up with Rio, sp surged to 55c. Second we waited for the tenement at Namless to be granted, the sp having fallen back on the lack of news surged again. Third we finally got the Agreement with RIO, sp again up to 75c and again it has fallen away. In the second 2 cases everyone was aware of wot was happening and when it finally did the sp was not sustained. Fourthly, we are again waiting this time for assay confirmation of Fe %ages, again we all expect them to be reasonable to good, but not septacular as the iron zone is marginal but still we hope commercial. My query is are we already pricing the assay results into current price, and with the current market downturn to continue will we see $1 after the results are known, or will we be waiting again for something else????
AQD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
