GrantPeace
Long

ASX:ASL Long Indication

ASX:ASL   AUSDRILL FPO
P/E Over 24
P/B 1.11
Last yearly report, net debt was wiped by well over 100m leaving only 216m left. Debt may not be completely wiped, but a hint at dividends returning could be possible. Operating profit returned positive after two consecutive years negative. If net profit after tax exceeds 70m and debt is decreased by 50m+... This will be fantastic. The share price will exceed $3.

A stock so fundamentally strong with good earnings - this may soar.
Earnings should be strong as the price of gold             has not diminished, iron ore has also returned over $60/tonne.
I have an order in for 1300 shares at $2.16 strike. I feel it is early enough to bet on earnings without getting in high and late after the pre-earnings hype.
Earnings on the 23rd.

If earnings look anything like last year... wowzers.

Comment: 87% of total revenue is from gold production.

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