A couple of points18 Feb 2017 11:01
One thing about this Board is that over the last 3 years it has been pretty inactive and those who frequent it are old timers who have seen this stock as high as 17p and as low as 0.25p.We are all generally pretty frustrated with progress and fed up with time wasting, money wasting past management. We stick around because this is a vast resource and if ANR get it right it will be hugely valuable. There are huge risks though, namely no PEL granted, poor execution, inevitable big dilution going forward the project will be very expensive. However, if it does this project will be hugely valuable and throw off a ton of free cash. The shares, even with big dilution could easily trade in the 50p to £1 range. The PEL we have no control of-down to SA Government.Execution risk inevitable in all business,but the bigger the project the greater the risk. However, I do have full confidence that Quin Fu Jiang and Sino Aus are pretty determined to make this project work and their own money is where their mouths are. On dilution,I have always recognised that we will be heavily diluted, hence although I have paid as much as 14p a shre of ANR,I have also bought millions of shares at sub 1p so as to ensure I have a big position after heavy dilution.I am certainly not suggesting readers do this,but personally I really like the risk/reward,though I could lose all my money.
Finally this has always been a civilised and considered Board.Inevitably when the share moves sharply rampers/derampers/traders.short termers etc will get involved,but could I please ask that we keep the Board civilised and to the point,then we may all get some added value.Good weekend to you.
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