AAJ 13.3% 1.3¢ aruma resources limited

Ann: Sulphides Intersected in First Hole of Phase 3 Drilling, page-52

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  1. 429 Posts.
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    we will get to mining by ourselves don't worry, this share price dip is temporary Peter S has a track record of building monsters. AAJ will be his biggest IMO, I foresee AAJ being one of the biggest gold miners on ASX in time, our tenements are impressive. We will get good hits that will allow us to raise a lot we just need to be patient at this point. The ground does have high grade lodes, historical data shows that. The drilling method we are using is cheap and known to have trouble locating these, but it will work in time. Trenching would be to costly at this point.

    We have funded drilling again in September there is no need to raise any time in next 3 months IMO at the minimum. We are not desperate for funds. Funds will be raised as required.

    It wont be hard to raise funds for more drilling but lets use up what we have first, this stock wont get stuck without funding, it already has $2 million backup if capital markets get that tough.

    We can do a lot of drilling with the cash we have left and there has been no real talk about the results we already have and what they really mean. When we want to raise next there will be more explanation around what we actually have and future plans I feel. We wont have endless drilling/cap raises, the aim is to get mining ASAP to fund drilling Peter S has already stated this.

    Lifting the share price of AAJ will be very easy when management decide its something worth focusing on, I think they are just focused on getting more data from the sites first with the money they already have.

    Lots of soil sampling underway at other sites and site preparation, its all go.
 
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Last
1.3¢
Change
-0.002(13.3%)
Mkt cap ! $3.997M
Open High Low Value Volume
1.4¢ 1.4¢ 1.3¢ $14.26K 1.041M

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No. Vol. Price($)
4 391000 1.3¢
 

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Price($) Vol. No.
1.4¢ 300000 1
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