AUZ

6.25%

1.5¢ australian mines limited

Ann: Trading Halt, page-434

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GA09

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14/02/18

10:50

Post #: 31043398
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Originally posted by fluffynymph ↑

A brief note:

a) A binding off take agreement(s) has been flagged for some time by AUZ and for me, this is no surprise as at least one has been flagged for this period for some time,

b) Binding agreements have "key terms" and these, amongst many other factors may include a positive DFS, maybe even a BFS, and obviously a decision to mine.

c) These type of agreements are generally needed to prove to financiers (debt managers) that a product is in fact needed and a market exists within certain parameters, and

d) The price tends to be set, but negotiated upon.

NB. AUZ was an excellent company for me to trade last year so I keep an eye out on it.

I don't see many "rockets" here, however, it's up to the market. Keep in mind that the current diluted market cap is over $240m. hence an odd 1c adds close to $25m to the market cap. They'll need to drill for most of the year to lift the resource and I personally believe most of the fun has stopped.

GL and I maybe wrong.

Expand

And how many 1cent/$25m you need to add to AUZ market cap so that it reaches at least 2/3 rd of CLQ's current market Cap?

AUZ Price at posting: 9.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.5¢		Change -0.001(6.25%)		Mkt cap ! $20.97M

Open	High	Low	Value	Volume
1.6¢	1.6¢	1.5¢	$24.86K	1.630M

Buyers (Bids)

No.	Vol.	Price($)
10	21880828	1.4¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	2955316	4

View Market Depth

No.	Vol.	Price($)
9	20880828	0.014
10	16862562	0.013
11	22514133	0.012
13	16766666	0.011
13	15965085	0.010

Price($)	Vol.	No.
0.015	2955316	4
0.016	9749796	24
0.017	6963838	18
0.018	3231352	5
0.019	2732000	7

Last trade - 16.10pm 01/11/2024 (20 minute delay)

AUZ (ASX) Chart

Ann: Trading Halt, page-434

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Ann: Trading Halt, page-434

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