SP can rise sharply when it is least expected.
Who would have dreamed that Westfarmers was going to make an Indicative proposal for LYNAS (LYC)
That gave hope for LYC long term suffering holders . Now they are waiting for the likes of the Japanese to have a say or make a better deal.
Likewise, some AUZ holders have been disappointed with SKI not meeting expectations.
The retail sh does not know who is watching or who is interested in making a TO bid.
The AUZ Board have a fair idea. but limited on how much they can disclose to the holders.
Marcus can tell us about the difficulty that FMG initially had to raise finance to start FMG mine.
AUZ is at that stage.The waiting can be painful .
No panic while, the macro economics are playing a big part to hold the sp of AUZ ,and its sector down.
Every dog has his day.
AUZ Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
