The great ASX balls up, page-39

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Tony barber

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25/02/18

09:48

Post #: 31321615
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Originally posted by TraderRic ↑

Agree with most, but the media story wasn't a stupid mistake but a stupid miscalculation. They thought the story would run after release to market and they could claim that they briefed the journalist after release to market. Obviously having a story running at the same time as the release to market coming out would have caused an exaggerated spike in the sp during the first hour of trading, when so much short term money can be made. Arthur Daley ethics. The upshot is that AUZ has shown to have poor corporate governance and that needs to be fixed asap and that might be (I am speculating) the real purpose of the trading halt, which may yet be extended into a suspension from quotation on Monday.

SK would want to fix the corporate governance as much as the ASX and ASIC, and the simplest way would be for SK to become a controlling shareholder, something they signal they want to do anyway by promising to buy 20% at 12c, a nice little tactic that ensures the price doesn't structurally rise above 12c and with plenty of opportunities to buy on market below 12c for some time to come. With a controlling holding they can turn AUZ into a professional operator.

I'll be buying in when SK takes charge.

For anyone who wants to accuse me of downramping, be civil: I report any name calling, character assassination etc.

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Complete lack of knowledge.
SK CANNOT buy on market to take their holding above 20% !

AUZ Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $9.789M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$51	7.314K

Buyers (Bids)

No.	Vol.	Price($)
26	41661112	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	453920	3

View Market Depth

No.	Vol.	Price($)
26	41661112	0.006
16	31877865	0.005
10	6504750	0.004
4	3026419	0.003
4	4200000	0.002

Price($)	Vol.	No.
0.007	343920	2
0.008	3473207	17
0.009	4428467	15
0.010	4165582	22
0.011	1646752	9

Last trade - 09.59am 11/09/2024 (20 minute delay)

AUZ (ASX) Chart

The great ASX balls up, page-39

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The great ASX balls up, page-39

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