AOH 0.00% 12.0¢ altona mining limited

well i'm in

  1. 832 Posts.
    Well after spending all weekend studying copper hopefuls, this morning I have chucked my (small) hat into the AOH ring.

    The other plays that I looked closely at were MGO & MNC which have monster deposits but carry a degree of sovereign risk.

    However I?ve settled on AOH, the reason being, along with the blue sky potential of Roseby it is well poised to take advantage of the current copper prices with its Finnish operations ? you can?t beat actual cash flow.

    Regardless of the fact that the retail offer was undersubscribed they have been able to raise $70 million and a $7 million director buy in is a massive vote of confidence.

    Thanks for some of the good analysis on this board, I hope we are all in for a great ride :)

    corporal
 
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