Our Mt Hillalong tenement JV with RIO is 8kms from RIO's Hail Creek mine which is of course why they have entered into agreement with AQC on terms that would have been struck in a much better environment for coal(looking for additional tonnage for Hail Creek Mine). This could be a game changer for AQC of great proportions. The problem is RIO taking their sweet time to complete their end of the deal. Given the minimum spend that was required if they were going to bail out they already would have, so I have to go along with management comments that further drilling will eventuate. Maybe they are just sweating us out, given blind freddy can see we only have the Lind facility to keep us going and that is keeping a tonne of stock hitting the market every month. At least we seem to have found a ....., dare not say it.
Interesting also that Clermont which is a full blown operating mine is valued at 2Billion plus and we share the boundary to their MDL. If those seams run into our ground then that also could be a game changer. The market cap of $5m is so pathetic but its going to take a change of funding arrangement plus some kick arse news to get this going. It would seam to me that either of the two above could deliver a multiple of the current share price but we need management to stop talking and start executing....deals not shareholder value.
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rio offloads clermont stake, page-3
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $96.08M |
Open | High | Low | Value | Volume |
14.0¢ | 15.0¢ | 14.0¢ | $401.7K | 2.819M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 257150 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 69295 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6662 | 0.165 |
3 | 129384 | 0.160 |
2 | 26128 | 0.155 |
4 | 102903 | 0.150 |
3 | 34683 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 65000 | 2 |
0.185 | 100000 | 1 |
0.195 | 48648 | 1 |
0.200 | 18876 | 1 |
0.205 | 80000 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
AQC (ASX) Chart |