FAU

0.00%

0.2¢ first au limited

Ann: Trading Halt, page-21

First 21 Last

Share
Profile

Follow
AFitzroy

39 Posts.

10

14/10/21

12:14

Post #: 56794823
Share

Originally posted by seventhseal: ↑

I finally have something nice to say about something or someone associated with FAU and then I realise they did this. Same old FAU I'm afraid. They have form on the free options at raise time.

There was one instance around two years ago when the cap raise pump was especially successul and expectations of very solid results to follow at Gimlet were high but unfounded. The share price tanked once assays were released and as this raise was only to top 20 holder's a number refused to pay up. The result was a further discount AND a truck load of free options that of course got dumped.

Sophs love these raises. They were most likely the ones dumping today at 1.2- 1.4 and using the funds to buy their new issue shares with attached free options. Many will dump either the free options or the new shares in short order over the next couple of weeks.

As the last poster said be wary of the pump in the short term. This is how the distribute to retail. Remember there is literally NO known near term price catalyst. Not a single drill rig is spinning right now and there are NO assays due. Not this month. Not this year. Even if they start this long overdue drilling program in Gippland today it was 16 weeks from start to assay release last time. It may well be mid-February before results are known if this is repeated. Sophs will sell into stength and there will most likely need to be a lot of churn to get this SP moving in a sustained fashion.

PS if you're a soph who paid 1.2 and dump your 1:2 free ops at .4 the effective cap raise price is 1 cent. That's one hell of a discount from the 1.4 it closed at prior. I guess you need to ask yourself why they need to discount so heavily to secure funding.

Expand

Investor presentation released 24/09/2021, page 10: "New drill program has recommenced at Snowstorm..."

Placement announcement 13/10/2021, Chairman's comments: "In addition to the current drilling that is ongoing at Snowstorm Project in Victoria"

FAU Price at posting: 1.2¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

As Nvidia cools, we're looking to Aussie AI

CBA breaks trading record on strong day for Aussie financials

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

There are more pages in this discussion • 23 more messages in this thread...

First 21 Last

Add FAU (ASX) to my watchlist

(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $3.623M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$300	150K

Buyers (Bids)

No.	Vol.	Price($)
1	1919593	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	11856404	17

View Market Depth

No.	Vol.	Price($)
1	1919593	0.002
44	82884968	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	11856404	17
0.004	17397388	12
0.005	13188936	7
0.006	6444990	6
0.007	2900000	2

Last trade - 14.30pm 06/09/2024 (20 minute delay)

FAU (ASX) Chart

Ann: Trading Halt, page-21

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Shekel Brainweigh investor presentation webinar – the future of retail automation

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

As Nvidia cools, we're looking to Aussie AI

CBA breaks trading record on strong day for Aussie financials

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Trading Halt, page-21

Top Stories

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Shekel Brainweigh investor presentation webinar – the future of retail automation

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

As Nvidia cools, we're looking to Aussie AI

CBA breaks trading record on strong day for Aussie financials

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News