AUZ 11.1% 0.8¢ australian mines limited

what a dud, page-2

  1. 582 Posts.
    Yes and no...

    The cost to run the mine is a high cost operation and at the moment it is costing AUZ more money than what they are earning with the sale of the nickel and if the cash in the bank runs out then IMO there will be 3 options...

    1st option - fund raise...(then again, whats the point if the operation is not profitable)

    2nd option - find out a way to extract the nickel by minimising the cost (easier said than done)

    3rd option - close down the mine and wait for the price of nickel to increase...

    Any one got any other ideas...


 
watchlist Created with Sketch. Add AUZ (ASX) to my watchlist
(20min delay)
Last
0.8¢
Change
-0.001(11.1%)
Mkt cap ! $12.58M
Open High Low Value Volume
0.9¢ 0.9¢ 0.8¢ $31.62K 3.890M

Buyers (Bids)

No. Vol. Price($)
7 2602324 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 4889817 13
View Market Depth
Last trade - 14.42pm 05/07/2024 (20 minute delay) ?
AUZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.