While trying to battle through the fog of Jet Lag I've been trying to wrap my head around what the next couple months will bring. With drilling and the scoping studying going on, the delay was more cosmetic then real. The risk was in the lost concessions and the eventual mining act (which I think will be better now that they see how sensitive their mining industry really is to changes in their policies).
Now that we KNOW that we have a work stoppage, and that we face a couple of months of no work, no news, and no progress the risk is higher. While I'm sure that we will comeout the other end of this with a deal the next couple of months is likely to bring a lot more pain for us. Hopefully Safe has laid on extra RUM. LOTS of extra rum!
At the same time ARU share price hardly reacted to todays news other than moving down with gold and the market in general. I thought we were going to be pounded.
What do you guys see the share price doing over the next couple of months?
... Been There