The fundamentals are very attractive from a financial point of view. The thing that holds the share price back is the company is a one mine company, and an underground one at that.
At 55c its trading on a prospective pcf multiple of 2, exceedingly attractive, but the market has memories of Gympie Gold, another one coal mine, underground, company. went bust over night when mine caught fire.
I hold a small amount of the prefs.
Still waiting for proof of increased prodction from the new long wall miner. If production jumps, then share price should too.
Regards
TDF
AUO Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
