RE:A new 52 week lowCaptiveCutting wrote
Well what a wonderfull buying opertunity... and buddy want to take a quess how low this goes.. ?
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Hard to say how low this goes although i will predict that it wont go more than 37 cents per share lower than it is now. Probably not that funny to those way underwater here. Not a lot of fun waiting for what seems like forever for things to happen and the news when it comes never seems good. Been there myself more times than i care to remember.
This company is in limbo with lots of uncertainty, hopefully awaiting some kind of a financing package at some possible unknown point in time. Add to that a nasty market correction in all stocks and that is the reason the shareprice is where it is.
At 37 cents with a market cap. of aprox. $160 million for a company that should have Free Cashflow of more than that per year when they get operational i have to admit that AOT at these prices is starting to be of interest to me. Trading at less than 1 time future Free Cashflow. Could this be one of the elusive 10 baggers we keep hearing about?
One good news release regarding financing and this stock should be off to the races.
Although come to think of it with this company i cant remember when the last good news, news
release was.
With the amount and good grades of gold ore, existing mine and other infrastructure AOT has, close to a paved highway and small town you would think that sooner or later someone would lend these Palookas some money.
As they say its always darkest before the dawn. Hopefully dawn comes to AOT soon.
Good luck to all.