Austin Engineering Ord Shs V.ANG

Primary Symbol: AUSTF

Industrials

Austin Engineering Limited is an Australia-based global engineering company. The Company is engaged in designing and manufacturing of loading and hauling solutions, including off-highway dump truck bodies, buckets, water tanks and related attachments, supporting both open-cut and underground operations. Complementing its proprietary product range are repair and maintenance services performed in its workshops and on clients' mine sites, and spare parts. Through its own design and engineering IP and range of tailored products, it delivers solutions for all commodity applications and drives efficiencies in productivity and safety in both open cut and underground mining operations. It has partnered with mining companies, contractors and original equipment manufacturers to create engineering solutions. It has operations around the world in Queensland Australia, United States, Chile and Indonesia serving many of the major mining sites in the world both directly and through local partners.

OTCPK:AUSTF - Post by User

Austin Engineering Ord Shs

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Comment by shambanoon Dec 12, 2005 8:44am

199 Views

Post# 10008344

RE: Newbie here

you are about dead on. This company has taken a litle longer than most expected and everyone wants quick profits these days, so many have left when big production gains didn't materialize. ANG is gaining momentum and with deeper zones could become a big play, that nobody is pricing into the shares. I agree, the risk of falling back 50 0.60 or even 0.50 is very low and the chance of going to 1.00 - 1.20 is very high over the next 3-6 months. with success in deeper zones watch out. cheers

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