AUZ 5.00% 1.1¢ australian mines limited

Been keeping up with all the Interesting posts while at the same...

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    Been keeping up with all the Interesting posts while at the same time endeavoring to keep busy elsewhere while the SP oscillates around the struggle for common ground above the previous issue price.

    Apart from that I can't really add much in respect two what's already been said here except that they ( the BOD ) can't possibly be ' clowns ' as according to money .com , the average annual salary of a clown is only $44,432 in 2020 - that up from $36,000 back in 2016. Interesting that Top paid clowns and performers involved in say Cirque du Soleil can earn as much as $200 grand a year........rolleyes.png

    Speaking of clowns , I find it also particularly interesting but not that surprising that AUZ had finally been deleted from the S&P All Ordinaries given that the Top 20 has never really had much in the way of Institutional support for quite some time. So I'm not so sure this is a negative at all. Namely because AUZ's inclusion was always more about the shareholders composition being a ' Vote for the people ( holders ) - by the people ( holders ' ) if you like. So not so concerned about this , and in fact could be more a blessing in disguise as we approach the tax loss selling period , with ordinary holders have less a propensity to crystalize losses than their Institutional ' Brethren ' given these changes are more about the movement and re-balancing of the ' Fundies '

    I think the best parallel , symmetry , omen .....call it what you want if you are superstitious and looking for some sort of BUY signal is the fact that the ' removal ' also included the ' REMOVAL ' of ' Australian Vintage ' who follows immediately after. And this is nothing short of ' Amaysim ' in my opinion.....biggrin.png
    https://hotcopper.com.au/data/attachments/2223/2223714-7383e6b8ae97407d1949106fb3f2086c.jpg
    Kinda a ' Triple A ' rating for having a go at AUZ......wink.png
 
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