AUT 3.19% 9.1¢ auteco minerals ltd

Yeah, my thoughts exactly. I took a small punt, just with some...

  1. 430 Posts.
    lightbulb Created with Sketch. 76
    Yeah, my thoughts exactly. I took a small punt, just with some play money to have a bit of fun. Been holding since MOX was .06-.07c so hopefully I can bring AUT out of my bottom draw. I love a good shell play, but all my shells have been in hibernation for too long now.. would be nice to see one at least get a move along.


    Also, noob question, if AUT raised $360,000 with the recent share placement at .02c, would they not at least attempt to receive an undertaking (or an agreement of some sort) to stop them from all being dumped at .04-.05c? Or is this just how it is: 'sophisticated' investors get heaps of shares at Vwap prices off market, this alone brings interest back to the stock, the SP moves a few pips up, then they begin dumping for a 100% profit? This seems counterintuitive to the health of the company. Sure they get their CR, but the stock is diluted more then left as an empty husk.. 

 
watchlist Created with Sketch. Add AUT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.