Not to sure where 22% of long term debt is mentioned but on page 5 of announcement 18/8 it states the debt position has been accounted for and they have $1.8 mill in the bank plus all of their tenements are in tact. IMO this move by the company to get them out of the poo with a cap. raise to creditors & investors was huge, these guys were going down the gurgler late last year, I like so many others thought they had done their dough. Management has been heavily criticized in the past but this was a major move. The down side is that the creditors were issued 2.8bill. shares @ 0.001 plus attaching options so it will take a while to chew thru those so plenty of time to make your mind up. I topped up myself on heads & oppies yesterday after a very encouraging announcement. This IMO will be a long term investment, won't be any significant gains for quite a while until the placement shares have been soaked up.
- Forums
- ASX - By Stock
- debt free
Not to sure where 22% of long term debt is mentioned but on page...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUZ (ASX) to my watchlist
|
|||||
Last
1.0¢ |
Change
0.001(5.56%) |
Mkt cap ! $13.28M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $1.61K | 161.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 4173372 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 4407983 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 4173372 | 0.009 |
23 | 7967000 | 0.008 |
38 | 6833555 | 0.007 |
20 | 11375551 | 0.006 |
12 | 6150001 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 4407983 | 18 |
0.011 | 9634106 | 22 |
0.012 | 6670102 | 14 |
0.013 | 2310000 | 6 |
0.014 | 2964523 | 9 |
Last trade - 12.15pm 19/07/2024 (20 minute delay) ? |
Featured News
AUZ (ASX) Chart |