If AUM trades under $1.00 before 31 Jul 06 then 7 million options will expire worthless and no new influx of funds for the company.
Financials of the company are not healthy, it is spending on average 500k per quarter even though it has an operating plant (however that seems to cost more than what it makes).
It also has convertible notes on issue which cost them 12% interest again adding further pressure to the company.
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australian mining investments limited
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