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Augustus Minerals Ord Shs AUG


Primary Symbol: AUGMF

Augustus Minerals Limited is an Australia-based exploration company. The Company is engaged in exploring for lithium, rare earths & copper in a large tenement package located in the Gascoyne Province of Western Australia. The project covers approximately 3,600 square kilometers (km2) of granted and under application tenements located in the Gascoyne Province, in the Shire of Upper Gascoyne and the Shire of Carnarvon. The Ti Tree Shear Project is located about 200km inland from Carnarvon and is in the shires of Upper Gascoyne and Carnarvon. The Project area is prospective for copper, gold, nickel, platinum group metals, molybdenum, rhenium, lithium, and rare earth element mineralization. The project's tenement package is categorized into four main project areas: Crawford Bore, Lyons Central, Minnie Springs, and Mt Phillips Area. Capricorn Orogen Pty Ltd is a wholly owned subsidiary of the Company.


GREY:AUGMF - Post by User

Comment by Greedeon Sep 28, 2017 10:06am
162 Views
Post# 26752997

RE:RE:The KE report interview was great, AUG getting punished

RE:RE:The KE report interview was great, AUG getting punishedI stand by the sub-$3 is a gift, a huge opportunity.  That has not changed.

However, given market dynamics and given that it is made up of emotional people, the market tends to over-sell and over-buy.  Hence, when I said that I'm watching the descent, I'm seeing it is looking like signficant weakness and nervous folks looking for other opportunities will cause it to drop more before it finds a base.  

I am NOT selling a single share and will be looking to see where it settles to look at some buying opps.  My opinion and view therefore has not changed a bit though I'm certainly surprised that it broke through the $3 mark and so what can I say, no one is perfect. 

I absolutely think a sub-$3 buy will be well-rewarded.


goldpolka wrote: On Sept 12, you wrote that anything under $3 "was a gift" and to "take advantage" ... now you are just watching the descent to $2.80 and under ? A bit inconsistent in less than 2 weeks ... why the change ?


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