"Clearly AQC will now move from a reactionary price on unfolding opportunities/headline news, to a price based on forecasting and earnings potential."
I think your way off the mark with that statement. How can AQC be priced on earning potential when they don't even control a working mine yet.
The short term catalyst for price appreciation will be the successful raising of funds to aquire the Dartbrook mine, but even then I think with the extra 30 Million dollars worth of shares to be issued you won't get much more appreciation from the current price. Than there will be the long draw out process to get approval for an open pit mine which is already attracting significant opposition. http://www.theherald.com.au/story/3634706/breeders-oppose-tinkler-coal-plan/
These breeders are well resourced and well connected so I can see its shaping up to be a significant challenge to get a open pit approval and that's before the greens even get involved. They have already successfully fought the Drayton South mine.
Now Ian Dunlop is also putting forward his concerns;
Even if they manage to gain approval its not going to happen very quickly and than theres the establishment cost to get mine up and running, again significant dollars involved all the while AQC adminstration cost especially with Tinkler paying himself 500k a year eating into AQC's cash in hand.
I believe AQC will get the required initial funding to purchase the mine but I'm not confident on the mine approval and therefore I will give it a wide berth. Congratualations for those that brought in at the low of .006/.007 this was a 3 to 4 bag in 6 months so well played but for anyone buying in at todays price you will be exposed to a lot of risk for not a lot of upside in the short to medium term.
AQC Price at posting:
2.0¢ Sentiment: Sell Disclosure: Not Held
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