AUZ 0.00% 1.0¢ australian mines limited

Ann: Trading Halt, page-205

  1. 890 Posts.
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    @MrQ,

    You think it makes no sense that I believe AUZ mustn't be too confident on achieving grades in-line with shareholder expectations?

    Put simply, if AUZ were so confident their grades were going to be anywhere near BRE's grades, then why trigger a capital raising before results ??!!
    They wouldn't have to have waited too long, but it seems they took the first opportunity to raise.
    They still could of made the relevant payments to whom ever if grades are expected to be so high.

    Doesn't it make sense that they should raise capital at a much higher price after these supposedly amazing incoming results??!
 
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