AQD (ASX) Multi project generator with massive upside

Originally posted by sydneysider ↑

Points of interest

(1) Directors control 51.1M shares out of 297.5M or 17% of AQD and doubled their holdings in 2014. The entire board has been very stable since AQD established and most are very highly qualified geos that run AQD admin on the "smell of a rag" at around $75K per quarter while maintaining a hectic and extremely professional exploration pace on 3 continents for copper gold in Peru, gold in Burkina Faso, and nickel copper Australia. Recently self funded AQD for $750K not to dilute equity. These guys reek of professionalism and are extremely committed to AQD.

(2) Burkina Faso Bainfora gold project JV'd to gold major for 80/20 split and US$5.6M exploration spend has completed 150,000m auger program and collected 18,000 auger samples to generate 15 gold anomalies over 30kms of strike with many anomalies running in parallel (and lots of targets still not developed on remaining ground). This program has now moved into resource definition with deeper RC drilling of 39,000m to take us into 2016. This is already an impressive result IMHO puts a very significant potential upside value on the entire program with lots of upcoming news flow.

(2) Peruvian JV's with copper majors for 70/30 split with up to $34.0M spend of which $12.8M are cash payments back to AQD on discovery success, of which $660,000 is paid in instalments over next 1-18 months time. Four major IOCG targets being drilled within a major Peruvian copper and gold trend that is surrounded by mines that host from 0.5B - 5.0B tonnes of copper gold resources. Another 3 projects are being prepared for JV within the same trend. Quality management generate quality projects that took several years to develop.

(3) Major landholdings next to Nova Bollinger Ni Cu discovery in WA. Have reported mutiple presence of mafics across permits. Gibson Soak is "riddled" with mafic intrusions and contains the southern extension of the anomalies being drilled by Mount Ridley which tripled in value to $25.5M on reporting nickel sulphides in mafics. Mount Ridley is a "one trick pony" that is focussed on nickel claims near Nova Bollinger. AQD is a global multi project generator valued at $6.8M.

We are now seeing "moonshot" runs where these unloved minnows are exploding out of the basemen from near nil valuations. Yesterdays turnover of 72M was highest in AQD history, and IMHO non of it was from management. This equates to around 29% of the free floating capital (not counting management share) and is indicating much higher values after the exhausted longs capitulate into a new and rising trend. Who can blame them, as the stock has been in the crapper since 2012. True value is probably closer to $0.04-$0.06.

Lots of news flow coming on AQD in 2015. Good luck to all longs

Expand

One of the more informed posters here on HC, well done....

Great value here with great upside, little down risk and JV from large companies with great potential. They actively are spending millions on hot spots with massive results to follow or why bother i feel.....

Really liking this stock and see a jump without notice when the news flows.....i want to see this hit .10 before i consider my options.......long term investor here....

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(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $8.251M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$5.031K	500K

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