AUM - Australian Mining Investments

[parmigianich]

They had excellent results from four drill holes and instead of simply reporting the facts in a professional manner I think they got a bit excited and did just a little day dreaming out loud. I don't think anyone involved with the company intentionally set out to mislead the market at all. The media are as much to blame as anyone. And who is the $25 broker, does he exist?

People that bought in at $5, $6, $7 or $10 and lost should have no recourse against the company in my opinion. They got greedy gambling and lost. Unless of course they were investing for the long term (as if. lol) in which case they could still possibly come out in front on the extremely off chance that it does turn out that AUM have struck the jackpot and stumbled on the next Escondida.

 

[cuttlefish]

The media are as much to blame as anyone. And who is the $25 broker, does he exist?

Yeah I agree. Its far more likely that the people that paid the higher prices for shares did so based on the newspaper reports saying the shares were worth $25, than based on their own individual detailed analysis of the drilling report.

 

[michael_selway]

Yeah I agree. Its far more likely that the people that paid the higher prices for shares did so based on the newspaper reports saying the shares were worth $25, than based on their own individual detailed analysis of the drilling report.

http://businesssunday.ninemsn.com.au/article.aspx?id=114295

mms://BusinessSunday.netshow.ninemsn.com.au/businesssunday/2006/CopperStopper.wmv

thx

MS

 

[cuttlefish]

MS - yes I've seen that report - not sure what point you're making in posting it though? Except that its yet another media report.

 

[pharaoh]

I reckon they are sitting on what wm claimed.
But asic and asx made him ann only what they could "prove"

wm has been around for years, seems to be v confident, and know his stuff.
Remember, a lot was inferred, so means it could be there, but needs further drilling to prove this.

Could be wrong, but that's my hunch
Thoughts?

 

[Joe Blow]

As of 20/7/06, Australian Mining Investments (AUM) has changed its name and its ASX code to Cudeco Limited (CDU). As such a new thread has been created and the discussion has been moved there: https://www.aussiestockforums.com/forums/showthread.php?t=3971

This thread will now be closed.