If Wayne is right and the shares are relisted today then our wait is probably over.ALFguy said:Snippit from ABC news article today:
http://www.abc.net.au/news/newsitems/200607/s1685442.htm
Director Wayne McCrae says he has kept shareholders well informed and is putting their interests first.
"The only thing I'm interested in doing right now is drilling it up as quickly as we can, before a major mining house makes a bid for us, which may happen and it may not, but to get the best value we can for shareholders," he said.
Mr McCrae says the company has been put under the microscope.
"We've addressed all their concerns, I've been doing this for 30 years and I've addressed all their concerns all the time," he said.
"I guess one person looks at it one way and one looks at it another.
"But as long as the shareholders are happy, as long as the ASX is happy and ASIC are happy, I think everyone is happy."
Mr McCrae says he hopes the company's shares will resume trading today after being suspended.
greggy said:If Wayne is right and the shares are relisted today then our wait is probably over.
I agree. I'm hoping that things turn out well, otherwise we may have a bloodbath on our hands in the speccie sector. Still an optimist though. Better things to come.noirua said:All the small mining stocks on the ASX will be watching the outcome of AUM with great concern. If anything goes disastrously wrong then the whole castle comes tumbling down. Comments in the Poseidon days: " I was walking across the tenement and kicked a rock, by golly there is nickel all over the surface of this place ", we know the result. Bre-X followed 18 years later and now AUM.
It would therefore be extremely surprising if the ASX allowed trading to start with the prospects of a boom collapse scenario staring them in the face.
noirua said:All the small mining stocks on the ASX will be watching the outcome of AUM with great concern. If anything goes disastrously wrong then the whole castle comes tumbling down. Comments in the Poseidon days: " I was walking across the tenement and kicked a rock, by golly there is nickel all over the surface of this place ", we know the result. Bre-X followed 18 years later and now AUM.
It would therefore be extremely surprising if the ASX allowed trading to start with the prospects of a boom collapse scenario staring them in the face.
aobed said:Actually, this raises an interesting question. Is it possible for the ASX to intervene and set an appropriate price for a share price in the instances where the market has managed to get the price quite wrong to protect the ASX? I'm not suggesting that is the case with this particular company but in general?
Share prices should be left to the free market to decide, not the ASX, especially when they are so SLOW in taking any action.ALFguy said:I would be shocked if they had that sort of power. Who are they to decide on an appropriate trading price!:
When it goes into pre-open, the IAP will be changing rapidly, second by second. I don't see much point anyone posting the IAP here because it would be immediately out of date before anyone even sees it.ALFguy said:Also, if/when we go into pre-open, would someone be so kind as to post an updated IAP? please!
Staybaker said:When it goes into pre-open, the IAP will be changing rapidly, second by second. I don't see much point anyone posting the IAP here because it would be immediately out of date before anyone even sees it.
Cheers, Staybaker.
ALFguy said:Yeah I appreciate that, but some indication of the range would be helpful I'm sure. Unless of course it's really 'all over the show'.
Still waiting for AUM to come back on. No new announcements. So sick of waiting, I bought some Sunshine Gas (SHG) this afternoon. They have 50% interest in a UK oil play to be drilled in Aug 06. The prospect contains potentially well over 500 million barrels of recoverable oil. The stock has around 22 million cash and is capitalised at 78 million. Tollhurst Noall has a spec buy on it (latest research dated 26/6/06). If they strike oil who knows where it goes. As always, do your own research before buying.dcart3r said:i have access to that information, so will try to post it provided it isn't too highly volatile
sangshim said:-----------------------------
'Find of the Century'. Unquote
parmigianich said:Gruezi..
Just joined- hopefully I will become a regular
I bought up almost 100,000 AUM shares back in Feb on my fathers advice at an average price of $0.165. At the same time he was pushing me towards CitiGold (CTO) and I accumulated over 300,000 shares in CTO for an average price of $0.1675. CTO has been trading in the $0.30- $0.40c range for the past couple of months so by no means have I done badly there but still it would have been nice if I rather had bought a few more AUM. lol. I sold about 90% of my holding in AUM Monday last week as soon as they hit $3 and am happy I did so despite them trading as high as $10 just 2 days later. I am gernerally quite skeptical about the prospects of the so called discovery but I really don't have much of a clue. The company definitely seems to have handled itself poorly but maybe in some sense that is almost to be expected from such a junior exploration company. Hopefully and more importanly their technical skills and integrity are up to scratch. Talking to my father he seems to think, for those that missed the boat with AUM, that Sedimentary Holdings (SED) could potentially be the next AUM. They are a gold exploration company and have a 30% interest in the Cracow gold project (Newcrest 70%). Gold is currently being produced at Cracow and SED are now trading at a multiple of 8 times earnings, while exploration continues. The operation as it currently stands is far too small for Newcrest to normally have any interest in whatsoever so obviously they hold good hope of further discoveries on the site which does makes SED very interesting. But for now anyway I am still holding more than 9,000 AUM shares and am just as eagerly anticipating this anouncement as I know all of you must be.
AMI chief sold at high price
Date: 13/7/2006
Author: Jamie Freed
Source: The Sydney Morning Herald --- Page: 25
Australian Mining Investments (AMI) has held its stockholders' meeting near the copper prospect it owns in Queensland. A tour of the Rocklands tenements and a name change of the company to CuDeco were also on the agenda, but after the Australian Securities & Investments Commission intervened, no vote was taken on the issuing of stock options to directors. AMI is still under pressure to release more specific information on Rocklands, after its share price rose dramatically despite experts saying the form in which the drilling results were published was unusual. Executive chair Wayne McCrae meanwhile has accused rival Exco Resources of espionage, claiming it sent geologists with global positioning system devices onto the Rocklands site. He has made a paper profit of about $A2m due to the recent stock price increase
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