I like AQA, but it was not too long ago that AQA's market cap fell to cash-backing- which was then about $770m- a crazy time back then, with iron ore in the pits. Now it is $1.05m, with $600m cash. With AQA having sold its only producing asset, it gets no revenue, and is a capital intensive company. Maybe it can put other assets back on the market, given the more bullish market. Apart from that, it seems a long waiting game.
AQA Price at posting:
$2.55 Sentiment: None Disclosure: Not Held
