AAF 3.85% 12.5¢ austral africa resources ltd

amb, if you read the threads it was actually bilbo who first...

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    amb, if you read the threads it was actually bilbo who first used the 'u' word!

    Of course right now there is caution being exercised so as not to give an over the top market cap to the company, so the brave are getting in early for the rights issue that still has to be date announced, and then of course to hear where the company is going.

    For me, it's a very valid risk vs reward play. There is little outlay to take a piece of what could potentially be a very sweet little play.
    If it doesn't work out, there will be little lost.......the .001 issue of course gives a nice low average to people getting in now and prior to the dates and news anns.

    For me it's a buy and hold and take up the issue - and see if they can purchase or JV into a good deal.

    Also factoring in that they should raise around $3 mill for the sale of the copper smelter.
 
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