up she goes..., page-11

Its been a while since my last post & 26c was a little depressing to say the least, but a key investor is hopefully around the corner, word is that placement is to a major international group & not the usual sophisticated investors per say (the stock to be issued will be held) I note that on several occasions within previous companies announcements AQR have stated there has been ongoing discussions with several parties regarding JV?s/Investments etc (I think Asia was mentioned), thus this placement I imagine will be the first step towards cementing a real player on the share register, in real player I mean someone who may actually have future requirements for the obviously large amount of Moly AQR is sitting on ?the strike continues at depth in all directions?
Hopefully the stock will be issued around 50c as this would clearly show current shareholders (me included) that although the stock slipped to a low of around 25c (this is where Goody offloaded some personal stock to Soul Pat) & the company needs more $$$ to keep drilling, it wasn?t going to give the stock away, I suppose we?ll all know Mon/Tues.

As for the run up over 50c, probably those that unfortunately sold below 40c (maybe even under 30c) trying to buy back in, as highlighted this stock is tightly held, as at June 60% was held by top 20, this means only around 52m shares in free float as top 20 has remained pretty stable, if placement does go to a single party & a good name at that, combined with continued solid drilling results, I feel that once enough drilling has been completed & updated jorc moly resource can be announced, today?s prices will be history & obviously whoever has made this recent investment in AQR has done there homework, as they must feel as I do the future looks promising for AQR.

FC