AUR 0.00% 0.8¢ auris minerals limited

10,000,000 to buy at .012, page-39

  1. 13,824 Posts.
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    Nothing behind the scenes I suspect.

    It's a couple of things at least:

    1. The apparent ease of raising money.

    2. The new involvement as a 7% holder of Investmet that has a reputation of backing winners. That gives the company some gravitas! Note too that Investmet is to sub-underwrite the rights issue to $500k.

    3. The possible perceived connection between I's investment and good results coming up soon - short term benefit. Add medium to long term too because this would be a medium to long term commitment for I as well.

    There were some big licks today on both sides. Some of the last CR people (June) at 1.5c may have jumped. New blood in though!

    I wonder how much day trading from DTs happened today!
 
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