ARU 3.23% 16.0¢ arafura rare earths ltd

gir warwick grigor report: interesting points he actually says...

  1. 473 Posts.
    gir warwick grigor report: interesting points he actually says "operational focus is on the Snake Well gold project, so it shouldn't be seen as a uranium company." I don't agree with this.

    I will concede that GIR is not a "pure" uranium play, which, IMO, and in the opinion of Patersons Securities, is a good thing as it diversifies your risk.

    I do, however, believe, that for Warwick to completely overlook GIR's 25% free carried interest in Beverly is an example of a complete lack of research. A simple comparison of the share price and market cap of Alliance Resources ("AGS") can illustrate exactly what the Beverly interest can be worth as a uranium play.

    I will post the link to the Paterson's report, which does identify GIR as a uranium company. I don't think there is much argument about that.
 
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