Brokers and instos are the one that's been buying since the news on the drill start. They are pretty much keeping us a float. Retailers that wants short term trade might be trying to buy in cheap waiting for the conversions. Perhaps.
Sometimes not wrong to follow smart money. In this instance, smart money + solid spec project. Just have to wear the cap of patience.
The target is a long strike line (12km) and it will be indicative if it can confirm a 1moz historical production. Those historical targets look really promising and I look forward to see more from this. Harden, their chief geo is very knowledgeable and helpful on the phone in providing some clarity on the mineralisation and the target. Also understanding the arakaka project is so massive. Frustrated ? Yes. But this is a mid-long term hold and I am hoping they get to a resource enough to mine.
AQI Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
