1449 [Dow Jones] Australian Mining Investments (AUM.AU) bounces strongly from intraday
low of A$2.55 to reach A$3.97. AUM initally sold sharply down after resuming trading
following a 9-day halt, slumping to low around 1230 from first trade at A$6.00 today.
Investors didn't like AUM's downgrading of more than half 59 million ton
inferred resource grading 2.04% copper equivalent into "target" category, but
initial reaction now appears overdone. Further drilling at Rocklands project in coming
months will help build understanding, better define resource and provide trading
opportunities. (RCB)
AUM
australian mining investments limited
theres copper in that hill, page-2
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