AAR 2.25% 9.1¢ anglo australian resources nl

two flippin good reasons

  1. 12,788 Posts.
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    alot of talk about the sp going nowhere for sometime due to lack of prospective announcements.
    in my natural state of disagree-ance, i offer two reasons why i think the sp will move rapidly soon, both from last quarterly.

    1. Koongie: "Metallurgical testwork to date is sufficiently encouraging to enable work to proceed
    towards detailed planning of mining operations...
    The basic parameters include decline access to the deposit and the construction of a 500,000tpa
    processing plant."

    Both drilling and plant design/construction will require market updates. these are forecast to begin in March / April.

    2. East Mandilla: "An exploration program consisting of 4000m aircore drilling is to commence in February 2008 to
    test these and other structural/geochemical targets."

    again, drilling will require an announcement, and february is almost over. if we don't get an announcement i am sure some phonecalls to the company will remind them once again of their duty of disclosure.

    If we don't see some positive action over the coming months i will hang up my keyboard and eat my shares.
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