One of the things apart from the S32 strategic alliance that got me interested in this stock is its chart.
The long term Chart is reaching an important and interesting juncture imo:
large 5 year basing pattern (Stage 1) it is quite often said the longer the base the bigger the move....
3c looks like a key level for AQD, this is the area if convincingly penetrated an uptrend begins.... (stage 2)
With multiple drilling campaigns set to begin in the not too distant future targeting tier 1 targets, interest in this stock will only increase going forward.
AQD's unique business model ensures prudent risk management on their behalf, S32 to fund the majority upfront cost of ea drilling campaign (USD $4m) in exchange for 70% equity interest in each project. This means minimal cash burn for AQD whilst participating in serious upside in the event of a major discovery.
