BuffetJr Posted June 28, 2007 Report Share Posted June 28, 2007 Stock I've beeh holding for a couple months now today just had a very good announcement. Prior to today, was struggling despite: - having a good cash position - having a top notch board, including Peter Harold, the Salay Malay MD, as its chairman - having a decent gold resource, that would be valuable in a rising gold price environment - excellent exploration portfolio in Australia Today though, they announced what seems a VERY attractive deal being acquisition of a project in LAOS where several Australian explorers are now operating, including of course that juggernaut Oxiana Resources. Looking at the projects location, its very close to the projects operated by PNA (Pan Australia) and RXL (Rox Resources). The difference is that AYRs project has had little exploration, despite the presence of artisinal miners at surface. Given AYRs market cap of only around 7-8 million, and its good ash position, any positive results at the LAOS project will send the shareprice rocketing in my opinion while having limited downside due to its Australian exploration/resource assets. Therefore I reckon its a very good speculative bet...thankfully i loaded up just prior to this announcement...i figured it had been too quiet and that something was coming...looks like i was right. Definitely worth a look. BuffetJr Link to comment Share on other sites More sharing options...
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