OTCQB:AQARF - Post by User
Post by
newbie880on Jun 14, 2010 11:29am
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Post# 17186009
Don't blame the market...
Don't blame the market...last I checked, it was doing well. AQA association with Hudbay is a total joke. Look at HLO,VMS,AQA just to name a few whose share price has been battered. Is it the market? I don't think so. Ye guys are talking of values of 60 to 80 cents a share for this company. AQA will give away 51% ownership to HBM for exploration expenditures of 10 million and up to 65% of the project by completing a feasibility study. What do you think the remaining 35% is worth. 90 million shares fully diluted times 80 cents a share equals 72 million for a 35% stake of the project. Do you think the Black forty project is worth over 200 million before a mine is built? Well today boys and girls according to the market, it's not worth that much. Just have a look at the market depth. Over 500k on the ask up to 26 pennies. Thankyou very much managenent of AQA for looking out for the welfare of the retail shareholder. You are doing the common shareholder a great service everyday as the share price crumbles away.
eom