why would you touch this crap stock???, page-7

The market's response was predictably short term focused. But if management has any credibility left, they suggested that production *SHOULD* return to levels pre the equipment problems.

The comments on this thread suggest traders just don't "get it". IF AUO can work through the start up problems with Tahmoor then AUO will be immensely profitable in 2006. The low profitability this year is simply due to low production, and recently some start up problems and does not indicate long term under performance. In fact, Tahmoor, if it ever does start producing in the expected quantities and at current coal prices, will be amongst the lowest cost & most profitable coal mines in Oz.

The best entry into AUO is through the convertible notes, AUOG, which currently are trading at face value.

IMO we will not see 40c - we will see $1.50 this time next year - assuming the mine is not abandoned!! There's a lot of coal down that mine.

Quite possible at current levels that AUO will simply be taken over.

"Be greedy when the crowd is fearful and fearful when the crowd is greedy" - Warren Buffet