Monday, February 25, 2008

Alloy Resources (AYR.ASX)

I am not suggesting you buy this stock. On the country, I think you should sell it. But I would put it on your watch list because its doing interesting things in Laos, and I suspect they will become a winner in a year or two. Its exploring for gold & copper in the same areas as Oxiana and Pan Australian Resources. The company has fallen to 8c, likely on the recognition that the company will need to raise cash....that means dilution of course. The company has just $1.2mil in the bank.
I have created a Google forum where I can place comments on reports as they become available.
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Andrew Sheldon www.sheldonthinks.com

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