The rsie is due to the interest in FR. Clearly the South Australia tenements are duds as reported by todays minelife article today.
Not sure why people like the FR prospects. Remember that the original holders ENT gave 75% away to AON for a value of around $200K. That should speak volumes of the potential there.
The valuation some are putting on AON if a discovery is made is ridiculous. For AON to reach $500Mill MC, they would need to find the motherload at FR and drill the crap out of it....but that not before heavy dilution as they have little cash.
Be careful guys. This nice price rise on low volume smells of an imminent capital raising.
AON Price at posting:
5.0¢ Sentiment: None Disclosure: Not Held
