Tom Mann gets things done. If AQR is moving from a company run by explorers to a company being run by people that can build a mine...then that can only be a good thing.
Placements along the way, are the natural course of events for building a speccy into a business - FMG is the classic example (only 1 in a 100 ever succeeds), so if the JV partners are on board and getting the placement stock, that will be massive + for AQR.
A friend and I joked years ago abouy which moly stock would kick a goal. He picked AQR, I picked MOL, and MOL management have proven useless...selling out at the bottom to overseas and geenrally being unable to cut a deal, or build a mine. My mate has picked the winner here, cos he got on sub-20c with this one.
I owe him a dinner for the bet, but I won't be complaining if these kick on....
Coop
AQR Price at posting:
61.5¢ Sentiment: Buy Disclosure: Held