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AUM - Australian Mining Investments

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It'd be interesting to know how many people that bought into AUM on Wednesday:

(a) Read the actual drilling report in full
(b) Did some valuation calcuations of their own based on the information in the report.
(c) Set their exit criteria prior to purchase

The percentage would be pretty low.
 
So for the majority, the new information, no matter how detailed, will be of little use, because they won't use it. Instead, when the suspension is lifted, most people that enter or exit will do it based on one of two things - fear or greed.
 
cuttlefish said:
So for the majority, the new information, no matter how detailed, will be of little use, because they won't use it. Instead, when the suspension is lifted, most people that enter or exit will do it based on one of two things - fear or greed.
Click to expand...

My view exactly. Once the announcement is made and the suspension is lifted, ppl aren't going to sit around reading through while the stock is on the move (up or down).

I suspect it's going to be mayhem :

2 weeks though? Surely not.
 
OK, so we all have to take a breather and therefore....... speculate!

If the suspension is because the report that has been released requires more detail, my take on this is as follows:

a) If the reports confirm all that has been previously (ie extremely positive) then this is a huge discovery and needs to be totally accurate and well founded (ie due diligence on behalf of the minerals experts and also the ASX to confirm that)

OR


b) If the reports have not confirmed the previous announcements (ie a fizzer) then really, other than for those who have blown their dough and the journalists who have ramped it somewhat then there is no big deal, is there. Just another fizzer that didnt live up to its promise and there have been many of them in the past!


If a) then we have the current situation. If b) then the report would have been released today as no further detail is required.
 

Come on!!!

The ann gotta be released today! I don't wanna spend whole weekend biting my finger nails..
 
Come on!!!

The ann gotta be released today! I don't wanna spend whole weekend biting my finger nails..



he he .....lucky for me I have very long ones :
 
cuttlefish said:
So for the majority, the new information, no matter how detailed, will be of little use, because they won't use it. Instead, when the suspension is lifted, most people that enter or exit will do it based on one of two things - fear or greed.
Click to expand...

Totally agree with you there and the potential feeding frenzy will begin.

There will also be more stories that will come out a long the way that will become the folklore related to AUM.

You can't protect people from themselves or their emotions.

All that waiting will test a few resolves, as well as the reduction in the length of fingernails.
 
Wish they'd just announce if it's likely today or not so I can go make food :
 
I've just seen a repeat of yesterday's announcement (appendix 3b). Does anyone know why they keep repeating themselves? is it to comfort us poor investors or is there some wisdom in it?
 
new girl said:
I've just seen a repeat of yesterday's announcement (appendix 3b). Does anyone know why they keep repeating themselves? is it to comfort us poor investors or is there some wisdom in it?
Click to expand...

I believe it is different
However would like someone to comment on the last bit of your question, what does it mean exactly?
 
Hi Folks .
Well I've just got home from work, got a couple of beers , Some chips and a bit of dip and I'm waiting for the show to begin
I hope I don't run out of beer waiting :alcohol:
Cheers Martin
 
I own shares with other companies and I don't see them having to inform all investors about the issue of options to some investors while halting the trading.

Are they just buying time until the technical reports are published while they organise the purchase of their options at the same time, and if they all sell once trading is back on, does it mean this could bring the price down?
 
new girl said:
I've just seen a repeat of yesterday's announcement (appendix 3b).
Click to expand...

Its not a repeat - its another 3b - they're being released to announce option exercises. AUM has company issued options in the market and some people are exercising them. Would probably have been a bit of arb'ing b/w the options and stock going on as well during this weeks trading.
 
It's been reported that the executive chairman Wayne McCrae is overseas and due back on the weekend. They may have decided to hold off the announcement until he was back in the country to deal with the issues.
 
I received an email from commsec that my order has been purged. I've never had this before. Anyone knows why?

Hope it's not something terrible, horrible n unbearable...

JT
 
Is this the same company?

http://www.australianmininginvestments.com/

It produces copper sulphate, not copper metal.

JORC Compliance may be the issue...just a theory based on:

Do they actually even have an up-to-date website with their drill results, drill plans and sections???
What is the style of the mineralisation?
What is the copper species? If it's chalcopyrite then their concentrate grades will be relatively low.
Have they done any QAQC on their drilling methods, database, SG measurements, assays?
Do they understand the structural controls on the mineralisation?
Do they really employ a geologist?
Given the scant information one would have to wonder.

Could someone please post the original 59Mt @ 2% release for me as I can't seem to find one. Perhaps they missed a decimal point and it's really 5.9Mt?? I have a hunch that this could signal a blow for Australian exploration as a whole.

I have a little chuckle when people start spouting stuff like it's "the most important copper discovery in two decades".

Hmmmm...I will enjoy sitting back and watching this one. What's that smell? Something's burning?

Of course, I do hope I'm wrong...
 
I have been to websites of exs and url and found the location of their eps, where is aum in relation to them ?I cannot get onto their website.Regards Stiger.
 
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