AUZ 0.00% 0.9¢ australian mines limited

Ann: Appendix 2A, page-2

  1. 4,824 Posts.
    lightbulb Created with Sketch. 923
    Goodness me. What does that bring the AUZ ‘raising to maintain operations’ total issuing of new shares of the last few years to?

    290,000,000~ today.
    45,000,000~ a couple months ago.
    180,000,000~ a couple months before that.

    That’s 515,000,000~ diluting shares in less than 6 months!
    Around 15% straight dilution of shareholder’s wealth but when we also factor in the discounts attached it becomes more like 20% & slightly more.

    The BOD must really hope that such dilution- easily viewed as being primarily only for the sake of keeping the ship afloat - doesn’t make shareholders feel like they’re being taken advantage of when the company could spin out their NSW and/or SA tenements which are very much too far from Sconi.

    Sconi. The one tenement I think this company should focus on, lest they scare away potential partners who still have BB’s ‘there will be two mines’ statement at the London presentation ringing in their ears.
 
watchlist Created with Sketch. Add AUZ (ASX) to my watchlist
(20min delay)
Last
0.9¢
Change
0.000(0.00%)
Mkt cap ! $12.58M
Open High Low Value Volume
0.8¢ 0.9¢ 0.8¢ $5.172K 629.8K

Buyers (Bids)

No. Vol. Price($)
33 8400711 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 1139819 11
View Market Depth
Last trade - 16.10pm 29/07/2024 (20 minute delay) ?
AUZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.