Their presentation today makes interesting reading. They are forecasting a profit of $1.0-$2mill next year. AAQ have taken quite a long time to warm up - much longer than what I, and the market thought. Michinyon is quite right, the margins are reasonably low in this industry - they really need a significant increase in the USD value to help out.
Capital raising of $6-$10mill isn't going to be very pleasant if they get their funds at 20-25c which is the best I reckon they will be able to do in the current climate. If they borrow their money, their interest costs are going to swallow up their profits.
Share price appears that it is going to stagnate around the 25c market for awhile - there doesn't look like anything else remarkable that one would expect to happen for AAQ that is going to drive it significantly higher.
presentation and profit
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