Well despite the market and many other posts being too negative you must remember the odds, i.e. in finding great mines are slim, but look at the ones whom succeed...by persevering... Sirius Sandfire Lynas and many others were all penny dread full stocks at some stage.
Further why would the team want to lose their jobs, they aren't old timers yet, there is cash in the till and the strategy of concentrating on Dundas near Nova is cool IMO and the copper play in Peru is massive with potential to pick up a suite of different minerals.
The management have reverse diluted which is great, providing scope for raising and at a price which will average you down not up!!.
Warren Buffet says the share market works on the basis of money flowing from the impatient to the patient, despite my current loss and waiting I have averaged down, got a healthy parcel and await news from Cliffs re Peru and it is noteworthy that Cliffs retained their interest in W.A. manganese which has long strong strike and high grade!!.
Hang in their fellow AQD holders the ride is not over, I have seen the 87 crash and recent market blips are just a part of the journey.
Sarg says every dog has it's day...if AQD hits anything remotely like Nova you will be very sorry you took a tax loss now!!.
AQD Price at posting:
1.4¢ Sentiment: LT Buy Disclosure: Held
