AUZ 0.00% 1.3¢ australian mines limited

Ann: Trading Halt, page-272

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  1. 9,147 Posts.
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    When I first enterred AUZ I stated upfront that some of those evaluations - especially those by BlueskyONE - which were floated at the time were all hypothetical as needed to do a proper JORC: See Post #: 27960690 andPost #: 28086180

    Now, let's be blunt, nearology to CLQ is a good thing but comparisons of resource to CLQ in the measures/indicated category in the now  are not because obviously AUZ have not done their drilling program hence why its measured and indicated resources currently are low here (and to use that as a basis to point to AUZ not having value as done by one or two here in this thread is a laugh).  It was obvious - open up the first post I attached here - that drilling is required and the funds that have been raised assuming they are raised at 8.5c is what will aid in the process of JORC identification.  If drilling fails price sinks, if it doesn't and the measured and indicated resource is closer to CLQ then SP rises significantly - simple, the drill but will determine the outcome.

    The circus by some on these threads misses the point - you need money to do a JORC and realise value in mining stocks.  What happens to the SP in the first few days after relisting is irrelevant because if the drill bit does the talking SP today will be a thing of the past.  the concern around Short Term share prices is for traders, everything else is noise.

    All IMO
 
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Last
1.3¢
Change
0.000(0.00%)
Mkt cap ! $18.18M
Open High Low Value Volume
1.3¢ 1.3¢ 1.3¢ $5.874K 451.8K

Buyers (Bids)

No. Vol. Price($)
15 23780989 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 3593683 9
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Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
AUZ (ASX) Chart
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