re: Ann: EPC 1827 Cooroorah Shallow Secondary... AQC once again lacks funds so any aggressive drilling program will need a capital raising ... most likely at a discount. They may do a small 2000-3000m program with the cash that they have.
The news today means the shallow targets are rubbish.
I can see that there are not going to be anything meaningful for AQC in the short term (1-2 months) which means no motivation for share price upward movement.
Gina Rhinehart purchasing some stock was good but its nothing more than a "step in the door" and wait to see what happens next. Therefore nothing short term.
In my eyes for the short term AQC is defined as junk status.
Good Luck to all shareholders
Ann: EPC 1827 Cooroorah Shallow Secondary Target , page-8
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