AUZ 7.69% 1.2¢ australian mines limited

Ann: Suspension from Official Quotation, page-31

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  1. 2,132 Posts.
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    Folk's there is a couple of issues which really stick in my 'Craw '.    Firstly why only $5,000.  If you are in the QTR that funding is supposedly well advanced and ahead of the term sheet requirements of Sept 2019 -  being finalization of ALL facets of funding.   So why wouldn't it be par the course to use all your capacity then under 7.1 and 7.1A.    

    Secondly , why 2.9 cents and not 3.0.   Seems to me 3.0 would be a whole lot neater and much more convenient given the even multiples all the way up to 12 cents.....with of course a modest ' in house discount '   being applied - lol .   Is it because the participating brokers to the offer have advised that 3.0 is a clear technical support for the AUZ SP ....and so guarantees success ?   or is it also about pricing it at the most favorable level ahead of a further raising for Ordinaries SH's ....reward for the loyalties if you like and for all the short term pain.

    Whatever the case folk's , I reckon this offering and what's to come has been priced for perfection and success in the ' Grandeur ' scheme of things........wink.png

    In the meantime and IMO , I sense a suspension in the winds  until additional details sorted.   Whatever the case -  Best of Luck for Tomorrow.

 
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Last
1.2¢
Change
-0.001(7.69%)
Mkt cap ! $11.18M
Open High Low Value Volume
1.2¢ 1.2¢ 1.2¢ $11.7K 975.0K

Buyers (Bids)

No. Vol. Price($)
14 35271719 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 612037 2
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