IMB – Intelligent Monitoring Group Limited
AAF is the old restructured New World Alloys (NWA). The AIM listing fell apart many months ago and the AAF shareprice tanked down to .005 cents. Issued shares are appox 550 million shares x .007 = A$3,850,000. Net assets are around $4,000,000 with $1.4 million in cash. Last quarter produced $1,890,000 in revenues at a cash cost of $890,000 leaving a gain of $1,000,000 on the table. This came from toll treating copper ore at their Congo operations.
Copper prices are currently "thru the…
