AUZ 0.00% 1.0¢ australian mines limited

Hi Snicket, gave no indication that they had to raise capital at...

  1. 462 Posts.
    Hi Snicket, gave no indication that they had to raise capital at this time .just that they were reducing capital outlays, decline development as they have enough areas to mine for 12months at least.I think if you take out take out exploration, capital development ,acquisitions, they will survive.He did say a lot off laterite mines would close with prices at these levels.Sounded confident about grades where they are now mining to carry them through.
 
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