AUZ will need to raise some funds - however this has not been in issue before they raised in February I think A$7 million from private investors in London. Its a good company with management and a good story with a product very much in demand at prices well above what they originally project - the only thing is it will be mid/late 2020 before revenues come in for Sconi and 2022 before Flemington start producing.
I do not think they will have trouble bringing in partners its just a question of when and how dilutive to us existing shareholders.
As regards the ebbs and flows of the share price - these can be for a variety of reasons
- Games by larger entities trying to lossen small share holders by putting in last of day orders so closing prices appear low, or to trigger stop losses, inexperienced investor often take fright when they see a share price fall and sell.
- Financial Institutions evolved in Capital Raising that want the lowest price so their regular clients get a lower entry point
- Regular AUZ investors who just see a better short term opportunity over the fence and sell some of their AUZ for a better opportunity ( the grass is greener on the other side) and who can blame them - good luck to them if they make buck. i.e Teddy did you get Gold Fever over at ARV ? haha. Though I have admit to having some ARV from some months ago
Seriously though as I have said AUZ is one to put in the bottom draw - I have no doubt it will do very well I am almost as optimist as Teddy - its just that it will take time and there will be ups and down on the way - hopefully more UPS.
Bee you better buy management a few Magnum !!!
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Last
0.8¢ |
Change
0.001(7.14%) |
Mkt cap ! $9.789M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $937 | 124.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
36 | 26127844 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 1949308 | 10 |
View Market Depth
No. | Vol. | Price($) |
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36 | 26127844 | 0.007 |
28 | 42987723 | 0.006 |
12 | 3981699 | 0.005 |
9 | 6584859 | 0.004 |
2 | 2400000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 1949308 | 10 |
0.009 | 5394092 | 16 |
0.010 | 3385020 | 19 |
0.011 | 1742952 | 11 |
0.012 | 4297167 | 7 |
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