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[sharechat] AUO-- Austral Coal--Update

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Sun, 5 May 2002 14:36:04 +1200

Update:
The new shares are actively being traded and the price is about the same as the ex-issue price.

I thought that the results from the Coal negotiation with Japan would have come to hand by now. A 5% rise would have reinforced share prices and would have been timely.

Sofar, no report has been received.
My investment has been relatively minor as I was waiting for info. from charts.

The situation is somewhat fluid. There is a good uptake of stock. There is a possibility that the price could be pulled back to 53 cents on say a suitable Monday.

It is difficult to say. All I can tell you that I am poised to increase my stake and am waiting: It is everyone for himself now!

Gerry
Disclaimer. Readers, outcomes may be different than envisaged. You are not asked to buy, hold or sell AUO and do do so will be entirely at your own risk.

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