AUZ 6.67% 1.4¢ australian mines limited

Private placement by insto n fundies is great, page-19

  1. 4,876 Posts.
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    Probably...yes....but it all depends on the price the deal went/goes thru at. Given that the last major investment was a week ago and the price took off the next day....from 3.4 cts.....opening t 3.7 cts. and since then they have done a road show with spectacular spike.....no company/ investor is going to pay the spike price. I am guessing 5 cts.- 7 cts. with the emphasis on 5 cts. Anything above that is a great result....and I would expect that many buyers will hold even if they bought at a higher price, with great expectations.
    As for that poster on this site, who says that another company drilled this area previously and found nothing.....well if that were true there wouldn't be any investment houses putting money into this. I have done a calculation of the 6.5 million tons on our side of the tenement boundary, and that alone is worth more than our market cap at 0.0011 % Cobalt and not counting other side products.
    Those of you who got in early are really laughing. But those investing in the company now....should , in my estimation, make some profit (when you sell (at a higher price))
 
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Last
1.4¢
Change
-0.001(6.67%)
Mkt cap ! $19.57M
Open High Low Value Volume
1.5¢ 1.5¢ 1.4¢ $29.69K 2.027M

Buyers (Bids)

No. Vol. Price($)
16 22004928 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 3192256 5
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Last trade - 16.10pm 04/11/2024 (20 minute delay) ?
AUZ (ASX) Chart
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