AUZ 0.00% 0.9¢ australian mines limited

First let me establish I lost a fair bit of cash on AUZ a while...

  1. 3,445 Posts.
    First let me establish I lost a fair bit of cash on AUZ a while back. Couldn't believe that they could lose a tonne of money in a nickel boom. I therefore think that it is a good sign that I have bought back in.

    All indications for the short term look excellent, including:

    * Higher nickel grades this quarter ie greater production
    * Lower costs of production due to higher output
    * Record nickel prices and
    * Feasibility work into an open cut gold resource at Duplex Hill

    So given this the quarter should be very profitable. Guesswork only but mayby $1 mill - not bad for a company with a market cap of 11 mill (1.5 cash in the bank) and a potential viable gold resource.

    Could be a good option for the next couple of months although it tends to be a daytraders plaything.

    Any thoughts on profits this quarter or how much cash the gold could spin out?


    Mookie.
 
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Mkt cap ! $12.58M
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0.9¢ 0.9¢ 0.9¢ $13.73K 1.528M

Buyers (Bids)

No. Vol. Price($)
28 7636857 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 1734242 8
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
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