This post is relevant to the thread as it deals with the finances of the quarterly and the capital raise mentioned and new one impending.
I have inserted a comparison for the purposes of a comparable peer to illustrate the point I make.
This is my own research and opinion
Links to the data are in these links Attached
https://australianmines.com.au/asx-announcements/#irc_content_anchor
https://ardearesources.com.au/announcements
Hi JBT
Mate I truly hope that shareholders read this post and the details specifically pertinent to AUZ
There have been so many capital raisings at AUZ that the total number since 2017 is now Eleven, with another on the way.
More specifically that the company has raised more money than the total market capitalisation, A massive loss. WOW
This now shows that the company has a market capitalisation less that the capital raisings. Regardless of the assets.
A massive loss -$44,53 Million dollars of shareholders money has been distributed to a greedy board (In My Opinion)
There is a vote and AGM impending, WHAT WILL YOU DO ???
Ardea Resources Australian Mines Capital Raising Events 8/02/2017 $1,000,000.00 5/04/2017 $2,000,000.00 15/09/2017 $5,540,000.00 6/11/2017 $20,000,000.00 11/09/2018 $12,000,000.00 27/02/2019 $5,000,000.00 17/07/2019 $5,800,000.00 9/10/2020 $4,800,000.00 14/04/2020 $14,500,000.00 26/07/2020 $5,200,000.00 28/06/2021 $5,700,000.00 28/07/2021 $6,500,000.00 22/02/2022 $21,500,000.00 30/05/2022 $3,700,000.00 17-06-2022 Retail $710,965.00 Total Raised $37,540,000.00 Total Raised $76,410,965.00 Market Capitalisation $156,158,750.00 Market Capitalization $31,872,541.00 Valuation/ value created $ $118,618,750.00 Valuation/ Value Created $ -$44,538,424.00 Valuation/ value created % 315.98% Valuation/ Value Created % -58.29% Date 08/11/22 Date 08/11/22 NOTE NOTE ARL M/C is worth substantially MORE than AUZ's M/Cap is worth $44.53 Million less than the the capital raised, therefore it stands to reason Total capital raised since 2017 to date that management are more effective That is a very sobering thought MY CLOSING THOUGHTS
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.18M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $5.243K | 655.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 15246053 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 1439734 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
32 | 15246053 | 0.007 |
27 | 43138955 | 0.006 |
15 | 28885199 | 0.005 |
9 | 5979750 | 0.004 |
2 | 2400000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 1439734 | 13 |
0.009 | 4816204 | 13 |
0.010 | 3178763 | 21 |
0.011 | 2015770 | 12 |
0.012 | 4803367 | 8 |
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