AUZ 6.67% 0.8¢ australian mines limited

Ann: Trading Halt, page-273

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  1. 9,132 Posts.
    lightbulb Created with Sketch. 18311
    When the Flemington Ann came out - see Post #: 28337052 - I stated the following:
    More drilling required. Measured and indicated resource significantly less than CLQ. Need more drilling to get the inferred resource into the measured and indicated bucket, as measured and indicated is what justifies a mining decision. Anyway, a lot to look forward to here if the drill bit does the talking.

    The money has been raised. Lets see what is there now. For long termers that is the risk reward play. For short termers/day traders what it means to the SP on Monday I don't care. BTW if the raise was 8.5c not much profit btw for the sophisticated investors funding the drilling program unless SP goes up. SP doesn't keep going up on promises btw without drilling here, so drilling is required, they have raised money, was the raise at the right price (can continue to debate that in the same vein as who shot Kennedy but anything above 7c would not be too bad IMO for LT btw) and move on to drilling please. All IMO
 
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