When are we going to hear something concrete on the companies discussions with potential joint venture partners? They have been "TALKING" to potential JVP for as long as i have been a shareholder, and that is a longgggggggg time!!! I think they owe it to their long term shareholders to at least let us know what sort of time frame we are looking at as whilst the sp has advanced from the bad old days, it is now floundering again due to the fact that investors are now not prepared to pay the current price to invest in AQR without some indication of time frames. That fact is born out by the market reaction to the ongoing positive assay results and the share price taking a dip each time they released them. Whilst the company has a reasonable amount of cash at present this will quickly be eaten up by the drilling costs and then we are going to be faced with shareholder dilution when they have to raise further capital. I for one have been burnt so many times in that scenario that i am not going to hang around waiting for the management of AQR to do the same!!!
AQR Price at posting:
56.0¢ Sentiment: Hold Disclosure: Held