AR1 0.00% 16.0¢ austral resources australia ltd

Ann: Application for quotation of securities - AR1, page-2

  1. 6,487 Posts.
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    If I'm reading this right, this is looking pretty good. Raising funds at 20cps, and yes there is dilution, but that is part of the course with all listed companies.
    Relisting 3rd Nov and as I mentioned earlier, I'm anticipating a raft of announcements to accompany the back to trading.
    Certainly don't think it's doom and gloom.
    And yes fuel price is a major factor and copper price has not done what was expected.
    I am surprised that copper price has not increased on the back of rising extraction costs, there must be a correction here at some stage. JMO
    GLA
 
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