AUR 0.00% 0.7¢ auris minerals limited

Ann: Quarterly Activities Report, page-4

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  1. 11,557 Posts.
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    A QAR is essentially a rehash of the previous Qs announcements. Anything that was announced in October (as applies in this instance) doesn't get mentioned. Therefore it's mainly june-sept stuff. That said, if nothing has been reported since 30/9 and there is fresh info about something arising from the previous Q then that should be included. That info is usually under a heading: 'updated information' or the like. There is no heading like that here, so that should mean that apart from what's been announced since 30/9, there is no fresh news.

    Re the fold structure, maybe this is where the rich mineralisation has been trapped, maybe.

    It has been a disappointing week SP-wise, but at least we know that HQ is functional as the website has now been updated.

    But the threshold to activate the 1st tranche of the performance rights is such (imo) that it gives me the clear impression that the BoD does not expect it to be hit before the AGM on 22/11. The threshold is a market cap of $48m. Imo a good copper strike should see a MC of at least that.

    So, is the BoD indirectly telling the market that nothing much is expected over the next 4 weeks? ...

    ...or is it gifting itself many free shares sooner rather than later expecting a quick SP jump because of the exploration. This assumes of course that the PRs Resolutions will be passed. I will be voting NO to the Ds PRs - NO!
 
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