ASE 0.00% 3.0¢ astute metals nl

Ann: Aeromagnetic Survey Updates , page-31

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  1. 5,079 Posts.
    I think it is a bit like this

    the sp has been belted as we know, the market was crook for a while, and we had these people who got 0.2 cent shares through oppies

    Now that was a real; pain and obviously didn't go to strong hands because it looks like they dumped the shares straight away.

    there was word on acquisitions from the company,
    we have not heard that this is not now the case, so I would assume like any acquisitions it would require money, now if this is the case it is not right for the company to go to the market under 1 cent, I certainly would not want them to do anything like that under 1 cent.

    interest from neighbors? well if this is right, and many have heard of this, they would need to prove the assets first, and in a proper way in order to maximize any offer made, if in fact there is or will be an offer.
    Maybe this is why they have taken a little more time than we had hoped for.
    if there is interest there then they obviously think they have something.

    So I hope the sp will rise slowly now, and then move up when we have more news, when there is selling expected people stay on the sidelines, now it appears there is more confidence with the thought they are done, or near done.

    for those of us who stuck in I hope we are rewarded.

 
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