RE: Michael de Villiers5 Jun 2018 20:56
Yes though the market is not excited too much at the mo. I think it is all a waiting game for Salinbas news. Personally I think they want to fund a drill campaign to prove it up, and then sell it for a multiple (hence the comment in the annual report on future share buybacks..). Looking at the story with Marl as a comparative, AAU own 100% of the project though in this case! I would ideally like a subscription backed by a cornerstone investor, with open offer alongside. I think you would need both as the OO probably would not raise enough. All speculation though but its the uncertainty that is holding this back a little IMO.Still massively undervalued based on assets/NPV's though bridges are still needing to be built..