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AUN

10.0%

5.5¢ aurumin limited

Do you even understand this company? The debts (convertible...

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Virux

843 Posts.

146

10/06/23

08:24

Post #: 68228264
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Originally posted by samthebatman: ↑

The debt AUN have is a bad overhang. It’s making it unviable to invest in at the moment in my opinion. The market cap is too low so it is going to be constant cap raises to service it.

I really feel for this stock as they have some really good assets worth more than their market cap even. However in this market that doesn’t mean very much. So many undervalued explorers in the same boat.

Not sure on how management can play this. Maybe pay off debt should be number one option. Then focus more on drilling. Second option is go all in on drilling and try get some good results and get the MC up!

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Do you even understand this company?
The debts (convertible note) has a conversion price of $0.30, and doesn't mature until September next year and has Nil interest.
That's hardly a debt to be spoken about..

AUN Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.5¢		Change 0.005(10.0%)		Mkt cap ! $25.06M

Open	High	Low	Value	Volume
5.0¢	5.9¢	5.0¢	$125.6K	2.330M

Buyers (Bids)

No.	Vol.	Price($)
1	307374	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.7¢	122847	3

View Market Depth

No.	Vol.	Price($)
1	307374	0.055
1	94532	0.054
1	27000	0.051
3	110177	0.050
2	264000	0.045

Price($)	Vol.	No.
0.057	122847	3
0.058	88675	2
0.059	95866	1
0.060	189399	3
0.062	89000	1

Last trade - 16.10pm 11/10/2024 (20 minute delay)

AUN (ASX) Chart

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