I was very surprised that the ASX didn't issue a "Please...

I was very surprised that the ASX didn't issue a "Please Explain" to AUL on the 1st of May when the share price was dropped from 1.2c to 0.8c on 65m plus turnover with no news whatsoever. Having thought about it, AUL require money and quite a bit of it and will therefore require a capital raise very soon. This will be to progress the mine until it becomes self sustaining. All good.

So why the big drop on Monday 1st of May? If you are in line to get shares you will want them as low as possible so you ensure a low VWAP. Therefore what you do is dump the share price, whack a massive wall at 1.0c and make sure you get as many shares as possible. You can also do this incognito as the next shareholders report doesn't come out for another month!

It will be interesting to see when the CR is announced, who gets to participate and when the Stacpoole results are released.

All in my own opinion......