Club Mulgoa

Saturday, September 25, 2010

AUQ

http://www.asx.com.au/asxpdf/20100914/pdf/31sh31xnb9pd2f.pdf

When I read AVB announcements, the company had already implied how good the grades are... with more to follow and some areas/tenements yet to be fully explored. And soon the share price shot up when 'figures' were revealed. Not 'shot' but 'rocket'.

If you read my notes on AUQ, today I re-read the announcement and it is very similar to AVB. Native copper has been observed in the drilling in Oman and they only need to confirm the grade by assaying in Australia. Oman is quite far away. When the grades are announced in a fortnight, the market will respond... predictably unless sentiment over-rides logic and unless copper price crashes.

I think, even with the share price up, I will top up some more on next week provided the share price has not accelerated away from a bargain hunter. Good luck for anyone who wants to go for a calculated ride....

0 Comments:

Post a Comment

<< Home