AUZ 5.56% 1.0¢ australian mines limited

Ann: ASIC proceedings, page-111

  1. 4,824 Posts.
    lightbulb Created with Sketch. 923
    Fair enough but to me the logic is flawed.
    Let’s reduce it to its most basic premise:

    Project plus exaggeration at best, deceit at worst =
    No funding and best price for $0 for the offtake.

    Now- project minus exaggeration at best, deceit at worst =
    Funding? Methinks not.


    For those who prefer numbers? It’s a 1 ( resource ) + 1 ( BB’s silliness ), = $0

    1 - 1 = $$$?

    Not in my world!

    To all my fellow posters saying the shareholders shouldn’t wear the cost of their choice of investment? No way! That would mean ASIC would be entitled to a cut of profit from those of us who made better choices.

    My choice at the moment is in general to hold on to some cash for at least the next few weeks & with AUZ? To never invest a penny.
    Last edited by ClockworkSmurf: 11/05/22
 
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