auo oversold so i bought, page-7

re: auo oversold ? Had a chat with investor whose opinion on mining I respect re AUO.

He said (and I quote) that after considerable research it was clear that AUO face servere engineering issues with mining their resource which include ground instability etc etc, serious financial problems all topped off by the most recent mechanical problems with the longwall installation.

In his opinion AUO was a mine looking for a fire (to put it out of its misery.)

There is no denying however that it has been an exciting trading stock for the nimble.

As always do your own research though.

Cheers,