Ann: Quarterly Activities Report, page-16

have a look what share price has done on the last 2 acquisitions both before, during in the lead up to drilling and after.

step 1. hovers around the 1c shell levels
step 2. SP increases to 1.5c to 2c on FOMO of ann (usually wouldnt say this but seems a bit leaky on past trading)
Step 3. Ann for acquisition comes out - up to 3c
Step 4. Increase to 3-4c prior to drill results
Step 5. Drill results are terrible SP tanks to 0.7c

this has happened twice now.

They have $3 mill in the bank account for an acquisition or 2.

it may take another 6 days it may take another 6 months but where do you see the SP going from here?

I would only worry if they haven't picked something up in the next 2 years because then they are probably going to have to do a cap raise. theres no chance of a consolidation.

What are the risks buying right now at these levels?