AUR 0.00% 0.8¢ auris minerals limited

Ann: Change in substantial holding, page-3

  1. 13,827 Posts.
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    I think that the departure of Investmet Ltd from the registry is a very welcome event. Its investment (essentially that of Michael Fotios, bankrupted) has been overhanging AUR like a very dark cloud since the bankruptcy. The way should be now clear for unshackled dealings by the company.

    The fact that people very closely associated with AUR for a long time have bought a large part of Investmet's very large holding augurs well imo.

    There has been nice buying on the market too, but share price ascensions has been stifled for some weeks now by a seller at 1.1c, who has sold in bits and pieces at that price by refreshing offers immediately after a sale. That holder continues today to sell en masse. Once he has been cleaned out, then expect the SP to go up, and quickly too imo.
 
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