I am not a technical specialist so these are just my thoughts. ARU has been trading much better of late. There seems to be improving volume and some decent bid support. I watched a number of stocks trade through what appeared to be stop losses yesterday only to recover at the end of the day. This increased volume may be around the inclusion in the index, but hopefully it is also about the strong presentaions ARU has been making at all the conferences of late. Many of the producing gold stocks have already had some very impressive moves while many juniors have not.

What impresses me is that the share price has only moved above the $9.25 range four times in the last 52 weeks (beginning of May 07, beginning of Oct 07, beginning of Nov 07 and finally begining of Mar 08). The people who bought at the high end of the trading range are usually happy to get breaking even and sell at the peaks. They have also had many opportunities to average down if they beleived in the story. If we can break above our 52 week high of $10.23 on good volume, and get some good drill results and an agreement on mining, we should see our discount start to lift. Then we can wait for an offer on the table.