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12.5%

0.7¢ australian mines limited

Ann: Trading Halt, page-435

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J Gold

206 Posts.

110

14/02/18

10:53

Post #: 31043533
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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.

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53400 posts!!

Some quick math would reveal that if you have been a HC member for 10 years, you have posted nearly 15 posts every single day!

Wow

AUZ Price at posting: 9.1¢ Sentiment: Buy Disclosure: Held
3 Upvote

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(20min delay)
Last 0.7¢		Change -0.001(12.5%)		Mkt cap ! $9.789M

Open	High	Low	Value	Volume
0.7¢	0.8¢	0.7¢	$10.88K	1.542M

Buyers (Bids)

No.	Vol.	Price($)
23	4483283	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	4518809	16

View Market Depth

No.	Vol.	Price($)
23	4483283	0.007
33	45185777	0.006
14	31800199	0.005
9	8654750	0.004
4	2960000	0.003

Price($)	Vol.	No.
0.008	4018811	14
0.009	4635390	10
0.010	3523130	23
0.011	4268820	12
0.012	4135705	7

Last trade - 12.30pm 30/09/2024 (20 minute delay)

AUZ (ASX) Chart