AUZ 7.69% 1.2¢ australian mines limited

Ann: Suspension from Official Quotation, page-307

  1. 13,540 Posts.
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    No need to fret! There will be plenty of opportunities to buy more. Most of the punters here haven't a clue - clearly haven't been in the markets that long.

    At this end of the market there is always the 'sell on the news" factor, so if the BFS does push the SP to 12c or more it will only be momentary and you will get yr chance as it comes back down.

    Also I don't think most understand just how competitive this whole EV industry is going to be and how margins are going to be squeezed at every level.

    The easy money was made in the quick run from 1 to 15c when it had become patently obvious that the stock was seriously undervalued. It is going to be a harder slog from here.

    That's not to say the company won't do well in the long term. It may well do as long as it negotiates the still considerable hurdles and has a sufficient quality resource to ensure profitability. It just won't create the overnight windfall that so many here expect it to do.
    Last edited by vintage: 21/06/18
 
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