Aphrodite Gold Limited (AQQ)

[soulman]

Found this company a few months ago. A gold company with 1.033 mil ounces gold JORC.

$4.7 mil cash in the Mar Qtr.

117.6 mil shares on issue.

58.8 mil (20 cents DEC 2013 expiry) options on issue.

At 12.5 cents, market cap @ $14.7 mil. Hence, EV approx $10 mil.

Lots of drilling success recently and some decent accumulation on the stock in the past fornight. Low EV per ounce among it's peers. Chart looking good too.

I hold.

[Huang Chung]

Just had a very quick scan of their website Soulman.

Do you think the 'R word' (refractory) might be holding them back?

Probably scares some punters away, perhaps unfairly.

[soulman]

Not sure HC but the volume has been encouraging lately. I am also aware you need a couple of big time investors/punters to push this up. IPO at 20 cents with 2 for 1 free options. I guess PXG is in the same league with more ounces.