I was fortunate enough to buy close to the lows, and as a consequence am already sitting on a two bagger. My confidence comes through who the major shareholders are. Norm Seckold's reputation and deep pockets gave me comfort that it was not going to fall over.
Now that the Indonesian Rajawali group are on board this will really get things moving. It is quite hard doing business in Indo without the right connections and these guys are extremely well connected and have very deep pockets also. Peter Sondakh the head of Ranawali is worth a lazy 2.7 billion.
Drilling program to restart with the coin coming through which will see some good announcements and further price rises. An Indonesian market listing may also be on the cards.
I made quite a bit of coin out of AUK trading it between 16 and 24c a few years back. A doubling from here is not out of the realms of possibilities. Well undervalued in relation to its peers.
AUK Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held