AAF 3.85% 12.5¢ austral africa resources ltd

Fair enough, for the record I also bought into the company last...

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    Fair enough, for the record I also bought into the company last year on the belief that the AIM listing would provide AAF with a sound platform to enable significant shareholder wealth and growth of the new company. Alas, that all fell through with the credit crisis, I am not sure you can blame AAF totally for that, yes they should have had the deal all signed sealed and delivered well before the market crashed, but I have a feeling they had their hands well and truly tied in the negotiations.. IMO

    I agree this can go either way, however given they have valuable assets which will most likely be sold off for a nice price, their ability to negotiate a JV is the key to their future...IMO.

    Time will tell,

    Good Luck

    Cheers
    R
 
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Currently unlisted public company.

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