Nice bit of volume here... key news is still Salinbas. If/When this is sold this will hit 2.5p I believe and so will continue to hold my core shares. Unfortunately I do not think this will happen until the Turkish election is held (1st November I think) and a result is declared one way or another... People will be reluctant to invest until a clear direction for the country is established.
This can move very fast on volume great prospects here
Buy - 3p target
Moving up again now, it was 1.45p recently so there is the 1st target.
3p I think could quite easily be reached if the right news comes I think even 5p
Buy - 3p target
Gentlemen Over recent days I have taken 2m shares in AAU and will continue to add. The current price is a steal. I attended a Proactive Investor presentation in June where Kerim Sener implied that Ariana could sell their Salinbas/Ardala project and receive in excess of $15m (£10m+) He also stated that there were 11 interested parties in the Data Room. In the net-working session he thought a sale could be some months away and the presentation was in mid June, make of that what you will. Note in an RNS dated 1st July where Metal Tiger's warrants would increase to 2.7p should they sell this project for $15m. That gives you a fair idea where they expect the share price to go. Add to the mix the Turkish Red Rabbit gold project, low cost, 20k oz production next year, this makes the current £6m market cap barking mad. This project is probably worth another £10m+ to AAU Could 3p be reached in quick time? You bet it can if the right news comes in.
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