AUZ 7.69% 1.2¢ australian mines limited

Correct PLS id being dumped it's a producer wit ha pretty solid...

  1. pc3
    1,023 Posts.
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    Correct PLS id being dumped it's a producer wit ha pretty solid future one would have thought........

    This now really is the hard carry, I for one am prepared to do it. Sold a small parcel I originally bought at 3.2c for 3.8c the other day, want to buy a few more than the original parcel back at the bottom if possible....lower my average a little.

    A little "pain before the gain" yet I think.

    Still a lot of positive new flow in the pipe line but maybe a few weeks away. If anyone is concerned or stressed thin rationally about any decision you make, everyone has a different view and it is tough times for many holders for sure.

    Simply put you either see this as an opportunity or a disaster...I am backing the former. SK reneging on the equity buy in was most likely always going to cause a dump I suppose, but if you look at it long term, a realignment or tweaking to create better fundamentals......no commercial discount on ore etc. just might make AUZ stronger.

    Think carefully before locking in a loss......."if" the positive news flow begins the bears dissipate and the sp will begin to appreciate.....and that would be an awful feeling.

    All in my opinion.
 
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