AUZ 0.00% 2.0¢ australian mines limited

AUZ Chart, page-80

  1. 7,730 Posts.
    lightbulb Created with Sketch. 35
    "Firstly, the issue of the 19.9% to SK will not be dilution for the 100000th time. You of all people should understand that dilution only occurs when shares are issued on open market, SK will not be putting a cent on to open market so therefore no dilution."

    May I respectfully suggest that what the other poster was eluding to was that because SK are receiving 19% of new shares that we are effectively reducing our percentage of the over all shares by 19%.

    That cannot be doubted

    BUT what he does not say and it is important is that SK are paying the company for those shares and therefore were are all 19% better off financially by virtue of that payment.

    In any event I am very happy to have SK as JV partner, you don't get a big international company to become a substantial shareholder by standing on a street corner with your hat in your hand.

    I see big things for AUZ over the next 2-3 years

watchlist Created with Sketch. Add AUZ (ASX) to my watchlist
(20min delay)
Mkt cap ! $61.66M
Open High Low Value Volume
2.0¢ 2.0¢ 1.9¢ $123.0K 6.217M

Buyers (Bids)

No. Vol. Price($)
2 205771 2.0¢

Sellers (Offers)

Price($) Vol. No.
2.1¢ 3596185 14
View Market Depth
Last update - 15.29pm 22/07/2019 (20 minute delay) ?
0.000 ( 0.00 %)
Open High Low Volume
2.0¢ 2.0¢ 2.0¢ 765104
Last updated 14.43pm 22/07/2019 (live) ?
AUZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.