re: Ann: Quarterly Activities Report and Appe...
at least in the quarterly activity report, they mention something about atlas, and the exploration target, and the royalty.
the parker range gold project has been put on the back burner - no surprise.
the money is running out - no surprise, and reading between the lines, it seems that there will be a "ONE for ONE issue at 5c" to raise $850,000.
who knows when the royalty will start to kick in.
the stock is certainly worth a punt - but also expect a capital blowout, before any royalties are payable - the other side of the coin is, that ago might prefer to do a take over, rather than to pay the royalty .
the hard part to work out , is why ago have not made a take over bid - after all, at 11.5c, the cost would be a miserable $2m. there is heaps of ore at corrunna downs - and even if there is a miserable 20m tonnes - that will be mined one day - oh and the royalty on 20m tonnes of ore????
GDA Price at posting:
3.8¢ Sentiment: LT Buy Disclosure: Not Held
