@Broken chair, thanks for the feedback and quick reply. I appreciate the welcome. Cheers
Looks like all the years of hard work from aqd is going to come together for the shareholders by about the time santa comes to town from my research.
And if the company can do a few more JV deal, that would be the iceing on the cake.
My thoughts are aqd will need a cr based on your answers, the financials I have gleaned and from my research. With the cash burn rate of around 500k a quarter, aqd will be out of money around September.
The JV money is only a trickle for the first three years with the bulk of the dollars coming in the last payment year. Does all those numbers seem ok to you? If I'm out on my calculation please let me know.
Looking into the crystal ball, I see aqd will probably announce some fantastic drilling results real soon. This will quickly shoot the sp to 3c plus, were soon after they do a cr to carry them through for the next 12-18 month's. In that timeframe aqd and the jv partners will have discovered and proven up a resource, and the sp will be well into double figures, and we'll all be smiling.
I'm now looking forward to watching aqd progress from an explorer to a successful mining company, and of course, being involved in the discussion thread and meeting all the great posters.
Cheers
Tradealot
AQD Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
