AAJ 5.88% 1.8¢ aruma resources limited

as I do yours two6p :) Our tenements are truly large so I can...

  1. 511 Posts.
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    as I do yours two6p

    Our tenements are truly large so I can see how teaming up could be beneficial, but Id love to see us go it alone.
    Im confident Peter S has solid plan for us from here, if he was concerned about what we had he would have raised more cash higher IMO. Id say he knows very well that we wont have issues raising cash down track. The raises done so far have been timed pretty well after solid share price rises.

    Biggest issue for all of us existing holders is share price atm, purely psychological, tax selling and gold shakeout has seen us back near initial raise levels prior to any success, such a good op to accumulate.

    I will most likely be adding to holding very soon, we are right near major support, and way oversold from where I am standing but stocks can do this for a while. Patience is key with AAJ.

    Peter S has helped create hundred million dollar stocks, multiple times!, Pretty sure he has a solid plan for us, its his most exciting project ever.

    Just to finish, Peter S is probably going to save the best drill hits for last, prior to next cap raise. This is my expectation, get the boringish stuff out of the way now while no cap raise is needed. We will get some big hits before we need money and this 6 million market cap, this will go down in history as biggest bargain ever on ASX

    Tonnage at Slate is looking very promising indeed.

    The 140,000 ounces at Trojan is easily min-able, if gold heads over $2000 US in next few years, we can suddenly make at a complete conservative guess, $500 US net profit per ounce, thats $70 US million right there. Without any additions. Slate is shallow and easy to mine even if lowish grade. High gold prices make the high tonnage worth IMO, well lets just say many multiples of Trojan from a few very rough calcs I have done. Figures looks massive.

    The plan is coming by end of year Id say on how we get to mining, prior to next raise I hope

    We have hit rock bottom here sentiment wise, but really the results we have are decently solid, notice how that last drill update was price sensitive, I assume he felt obliged to give that update given its significance, Peter felt it was price sensitive but market certainly didn't react like it was, who is right here?
 
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Last
1.8¢
Change
0.001(5.88%)
Mkt cap ! $3.544M
Open High Low Value Volume
1.7¢ 1.8¢ 1.7¢ $1.761K 101.9K

Buyers (Bids)

No. Vol. Price($)
1 528557 1.8¢
 

Sellers (Offers)

Price($) Vol. No.
1.9¢ 401764 3
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Last trade - 15.13pm 28/03/2024 (20 minute delay) ?
Last
1.8¢
  Change
0.001 ( 0.00 %)
Open High Low Volume
1.8¢ 1.8¢ 1.8¢ 138372
Last updated 15.13pm 28/03/2024 ?
AAJ (ASX) Chart
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