Hi everyone. My main spec stocks as some would know are PCK and...

Hi everyone. My main spec stocks as some would know are PCK and AIS, and both are kind of interesting at the moment. Actually I also held ARE but sold out recently because I felt the best exposure to Torrens has now moved in favour of AIS, because it also owns a high-in-the-cost-curve copper mine in NSW and the copper price has recently had a strong move. Enough to replace what they spend on Torrens drilling. AIS/ARE hasn't actually stated what its policy is with respect to commentary of the drilling core before assay results, but I believe good news comes out fast and bad news slow. It's been a month since drilling began. ARE is 25% higher than the last share issue price while AIS is equal to the last issue price.

PCK volume and price action has livened up considerably in the past few weeks. The CEO is in the UK pitching to the aged care sector there, while sales are probably ramping up in Australia. The risk is that maybe sales may disappoint as they did in the December quarter, and besides that, at least one more capital raising will be required. There's a good recent interview with the CEO, an ex-Cochlear executive, available on youtube.