This post is relevant to the thread as it deals with the...

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