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12.5%

0.7¢ australian mines limited

Ann: Trading Halt, page-440

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Muay

1,316 Posts.

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14/02/18

11:06

Post #: 31044115
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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,

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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A briefer note: lol

AUZ Price at posting: 9.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.7¢		Change -0.001(12.5%)		Mkt cap ! $11.18M

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

Buyers (Bids)

No.	Vol.	Price($)
20	4168997	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	4018811	14

View Market Depth

No.	Vol.	Price($)
19	4038997	0.007
33	43719111	0.006
14	31800199	0.005
9	8654750	0.004
3	2794109	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