AQR 0.85% $3.52 apn convenience retail reit

maiden moly jorc statement imminent

  1. 1,026 Posts.
    lightbulb Created with Sketch. 69
    Under the radar microcap. Aussie Q Resources(AQR).

    Molybdenum/Copper explorer with targets and tenements in Central Queenslnd with access to excellent infrastructure.

    Fully diluted market cap of $14.4m and cash in the bank $8.5m.

    Listed only in June 2007 at 26 cents per share. Currently 12 cents. Not much trading history therefore TA is fairly irrelevant.

    Maiden JORC statement is imminent.
    Since IPO-
    - acquired further tenements inctreasing pre IPO area from 360km2 to 900km2.
    - numerous further mineralised zones and targets within tenements identified
    - focused on major target named Whitewash which keeps getting larger in three directions and at depth

    Value drivers in short term will be maident JORC statement.
    Value drivers in short to medium ter to be further board appointments, JV/farm-in with other producers/explorers to fast track exploration on selected tenements and possible secondary listing (TSX). Also, very recent drilling of significantly higher grades will not be captured by the maiden JORC statement but gives substantial upside for subsequent JORC upgrades later this year.

    AQR is thinly traded ATM which bodes well for price surge if the market likes the maiden JORC and future developments. I have taken my first position in AQR at 12 and 12.5 cents over the last couple of days.

    Peer comparison company focused on Molybdenum is Molly Mines (MOL). Granted, MOL is much further developed with DFS completed and fluctuating market cap of between $270m-$600m last 7 months. However, AQR have demonstrated that their Molybdenum and Copper grades are approx equal and AQR are confident that their resource will be proven up to similar capacity with further in-fill drilling. AQR market cap currently $14 million.

    What do others think of this stock?

 
watchlist Created with Sketch. Add AQR (ASX) to my watchlist
(20min delay)
Last
$3.52
Change
-0.030(0.85%)
Mkt cap ! $325.9M
Open High Low Value Volume
$3.52 $3.52 $3.48 $279.6K 79.93K

Buyers (Bids)

No. Vol. Price($)
2 4263 $3.48
 

Sellers (Offers)

Price($) Vol. No.
$3.52 8141 2
View Market Depth
Last trade - 16.10pm 10/12/2019 (20 minute delay) ?
(live)
Last
$3.52
  Change
-0.030 ( 0.56 %)
Open High Low Volume
$3.52 $3.52 $3.52 263
Last updated 10.30am 10/12/2019 (live) ?
AQR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.