AUZ 0.00% 0.8¢ australian mines limited

Broker Data, page-3

  1. 15,394 Posts.
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    Does this buying actually tell you anything apart from who? Don't get me wrong but do you infer that Patersons are penny chasers or serious investors? I really don't know but I do know that when the fear comes to town, anyone who bought at point eight of a cent will sell at a 60 per cent profit. Simple. The sales quantities have not been anything flash either, so it's a quick buck to be made in the absence of information.

    None of us are all that impressed least of all myself who got in after that raising, but the smart dudes sold out over 2c, then waited to buy back in. Simply magnificent strategy as it has worked. Most probably thought it was going to keep rolling after two point six. It will. But later.
    I don't think the MD gives too hoots. His job is to get the processing plant going on time, the first in the country.
 
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