I have mixed feelings. As a long term SH with a much higher average price than the 12c just offered, I am somewhat disappointed, however, I also think that mgmt have added more than significant value to our co.
Imo the Aston Metals deal is a very good one with both, significant current assets, and, future potential (eg Walford Creek only 4km drilled out of 25km strike length)and, best of all, picked up for less than a fire sale price.It certainly helps that HC had previous experience with Aston.
Overall,we will soon be worth a heck of a lot more and my disappointment will be forgotten (lucky those who are in at 12c!).
AQR Price at posting:
15.0¢ Sentiment: LT Buy Disclosure: Held