AQR 0.00% $3.50 apn convenience retail reit

aqr turns a 3 year chart around in 1 week, page-82

  1. 1,257 Posts.
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    AQR has contracted an additional 2 rigs which will commence drilling within the next 30 days, obviously towards the centre of the target, as initial drill holes seem to be on the cusp. They have also stated they are getting the assistance of a geologist that has great knowledge of this type of breccia mineralization. Key factors are grades, depth, width & length of strike thus, enabling an increase of the existing inferred Moly, plus possibly Cu etc

    In relation to cash as T4P stated they easily have enough for the commencing 5000m drilling, with just over $2m in the kitty (T4P suggested about $750k would cover this)
    There are 30,000,000 unlisted options (Goodie has 18,000,000 of these)at a 30c strike thus if (& looks almost certain they will be) exercised $9m will hit the bank account thus approx $10m after next 5000m drill program is paid.

    We await the results of 2nd half of first hole & other 2 this will give a great indication of whats in store for AQR, my feeling is much higher......

 
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Currently unlisted public company.

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