AUO austral coal limited

This is one of the riskiest plays around. Huntley says they have...

  1. 261 Posts.
    This is one of the riskiest plays around.

    Huntley says they have about $1.5M in the bank and have to repay about $20M in debt this financial year.

    They have had their problems, and it would not surprise if they had to do another capital raising.

    Last time they had to issue at 50c when the shares were trading at 70c.

    Now trading at 51c. Issue at 40c?

    I hope they trade out of their problems and they will do well if they can.

    But (boy!) the risk of staying in this stock is frightening.

 
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Currently unlisted public company.

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