" WRM have some good people who can explore the AUL tenements and make Morning Star hum."
Aul have had good men try to make it hum too, but have failed miserably and have had to go the merger route to actually survive and get sophs their money back...
There is no coincidence with Matt being here and at AUL he has helped bring in serious investment, im sure they are wanting their money back....
As long as the share price stays above 40c at WRM after the merger and they can create volume(imho this is the plan) then the large holders that bought in around the 30c mark with AUL can leave even/make a quid, if it was left purely with AUL it would almost certainly go into admin just like everyone else thats tried in the ground and plant owned....
After the initial pump after the merger and the exit has been delivered those that hold onto this will be diluted to hell and will be trapped for a very long time imho.....
The next pump will be in around a few months when the WRM drilling has to be stopped(due to bad weather for 6 months) and then the stories of untold riches will start and the CR's to friends/sophs all over again....
Those that have already bought this at around 40c hoping for the merger and good gains have already had to heavily average down to keep the same ratios going, and that the dilution and hand in pockets has already began
- Forums
- ASX - By Stock
- AUL
- Ann: AuStar Scheme Meetings to Approve the Merger with White Rock
Ann: AuStar Scheme Meetings to Approve the Merger with White Rock, page-13
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online