AUZ 0.00% 0.9¢ australian mines limited

Standoff just means no-one is in a hurry to accumulate...so...

  1. 1,271 Posts.
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    Standoff just means no-one is in a hurry to accumulate...so backwards drift until the next big buyer decides to get involved or until the next positive ann. Don't forget AUZ is a very high cost producer so in any one Qtr could make a small profit or a smallish loss. You just never know cos you dont know the Qtrly development costs and if they outweigh the profit. Same with exploration. Can be good results like the last couple but also may not be...so backwards we go until we find out!! I hope so anyway as I would love to re-enter but feel it may slide to 18c before the next ann as drilling is a way off yet and it then takes time for results to filter out. Maybe even have to wait till the next qtr report?
 
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