This company is one to watch. Ruane has a shareholding but he does not manage it which could be a good thing as he has enough on his plate with RWD and IRC. The recent tests indicate a two product company close to infrastructure ( power, water , rail) and more importantly a ready market. Life of mine is likely to be increased when e ready but for the moment the focus is in the right place with product development. If current management get this right then steady cashflows would be company maker.
This is a tidy project with none of the issues that Lake Dissapointment had. With only 60m shares in issue and capped at less than $5m the potential cashflows alone are worth the speculation.
AIV Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held
