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1.3¢ australian mines limited

What should/will happen to Benjamin Bell with ASIC, page-80

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Bomber78

11,251 Posts.

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16/05/23

22:13

Post #: 67809448
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Originally posted by Koala1959 ↑

Gong

LGE not miners they are manufacturers and equity investors e.g. QPM and other companies. For example they could no doubt have bought QPM from part of their monthly Petty Cash but they didn't, instead they took an equity investment.

I would anticipate you could liquidate AUZ for Sconi land value, the other AUZ project sale values (Flemington must be worth a bit after the PGM sale) and the current cash balance after the CR and achieve a value in excess of $11.6m so I think the Market Cap at the moment is a bit low but no doubt refective of the markets assessment of the risks of LGE walking away, the BOD's lakluster performance and market concern re some of the issues relative to AUZ that Red and others have raised.

From what I have read here most shareholders are realistic about the risks inherent in AUZ at the moment - are fully aware of the implications if LGE walk away and no doubt many have suffered significant capital decreases at the current share price.

As I have said earlier I do not accept the commentary by some here that LGE are sitting on AUZ to stop others. I believe LGE must have some strategy they are working through with AUZ - they have not announced an exit and neither have AUZ which AUZ would have to do after the disclosures in the late 2022 update and in the prospectus re ongoing negotiations.

AUZ implied a resolution by 31 March with presumably discussions as outlined by AUZ underway from around late November. To me given it is mid May and LGE are still there the parties are clearly trying to get an agreement in place and LGE must still think there is some prospect of agreement parameters acceptable to them being achievable.

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the funny thing is that you think the worst thing would be for LG to ‘walk away’. It would be an absolute positive as the company could finally be free of the dud $0 offtake.

I think you have bigger fish to fry.

AUZ Price at posting: 2.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 1.3¢		Change 0.000(0.00%)		Mkt cap ! $18.18M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.3¢	$5.874K	451.8K

Buyers (Bids)

No.	Vol.	Price($)
15	23780989	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	3593683	9

View Market Depth

No.	Vol.	Price($)
14	22780989	0.013
11	20845999	0.012
12	35373367	0.011
12	11912810	0.010
6	9507777	0.009

Price($)	Vol.	No.
0.014	3542666	8
0.015	2086028	10
0.016	5653591	20
0.017	15839838	17
0.018	3361352	6

Last trade - 16.10pm 08/11/2024 (20 minute delay)

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