AUZ 0.00% 0.7¢ australian mines limited

Ann: Company Update, page-69

  1. 938 Posts.
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    Your between a rock and a head place but sitting in this thing after considering that update from the Co imo is just looking for more lost capital.
    Any suitable offtake and then obtaining finance given on what history suggests will likely be measured in yrs, imo this thing will halve again in the next couple of mths as time and reality sets in and then after that you’ll be facing the prospect of needing to raise capital which the resulting dilution will just smash your investment further and no doubt the sp will then tank again to cr price. Just a chain of time and events that will have you wishing you exited far earlier and also having then the option of buying back in later likely at half the cost.
    i don’t think what is reality with this thing is yet to fully sink in to the market.
 
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