There was a lot of talk here when the SP spiked to .40+ when the acquisition of the Indonesian project came about.
For a company with a market cap of $6mil, I reckon the reward on owning this stock is well worth the punt.
What really interests me with this new project is that it says on the presentation that the Ongkang project will be in production within 12 months. Of course you don't rely on that statement as a fact but if there was a remote possibility that they can produce within 12 months, this $6mil company will be worth so much more.
If the project is as advanced as management says, then they can quickly or hopefully establish JORC, show that things are happening quickly, then I suppose its worth the punt.
There are so many speccies out there with a much larger market cap with nothing to show for, so there is a lot to be excited about in this space.
AHK Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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