AUZ 0.00% 0.9¢ australian mines limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-14

  1. 518 Posts.
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    Given that will be a very distinct possibility "Raising enough Funds" what if LG say nah fellows no cash for you no cash here, this is also highly likely what will Auz do then, will they start the big sell off to keep the troughs topped up or will they turn to Ramsden's Terrain Capital or the other trough feeder in Lowell Resources to stay alive.

    At this point with the SP trading around 6.5cps one would think the next raise would be in the vicinity of around 5.5 to 6cps which incidently is already around half of the previous raise with Bell Potter, imo they cannot go back to Mum an Dad investor's and will also struggle with the BEOT, the sad part is Micheal Holmes may just be a great CEO who has come into a company that has been destroyed by those with their snouts in the feed bins for so long it will take the best part of 2 years to even resemble a company worth investing in and the only way to get that done is by shareholders voting the right way to remove the stench of those still feeding from shareholder funds, an imo it couldn't happen quick enough.
 
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