no WW not doomed....
But a dispute between asx and asic....which neither side and afford to lose....or be seen to lose is unwinnable....
Therefore I could see the suspension going on for a long time....
Especially if it goes down to legal and court action as WM seems to be hinting....
Look at Onetel....it took 5 years for that one to go to court.
I will not be selling even if they come back ... but I have just sold some other stock to make up for my 10k loss and I will treat AUM as a write off - so as not to spend all day looking at the ASX announcements page waiting for a release that never comes.
If I do salvage anything out of this I will now consider it a bonus.
When I have held stocks before that have been suspended there is usually a defined reason and not a dispute between the market regulator and a company's chairman as the reason.
I am very positive about AUM (I am a believer) but I am not a believer in the ability of ASX and AUM to resolve this quickly.
Therefore we stay suspended... and take it as a loss
AUM
australian mining investments limited
no WW not doomed....But a dispute between asx and asic....which...
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