Good observation!This has been a noticeable trading pattern for...

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heartastack

1,203 Posts.

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11/08/23

23:07

Post #: 69299940
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Originally posted by autumnrain: ↑

Yesterday morning I noticed that there were something like 1.2 million shares on the sell side and stuff all on the buy side. I am guessing an entity shook the tree looking for loose fruit. Could it be that the one who first sold down was the same one vacuuming up shares at 15 cents? Last quarter expenses were up, and production was down due to upgrades. This current quarter we should see a dramatic increase in production and drop in production costs. Until we receive the next quarterly in October I think we have a good buying time. Who knows? we might have something similar today. It would only take someone selling a little over $11,000 worth of shares to drop the price to 15 cents, freak out the loose hands and add hundreds of thousands of shares very cheap. Someone certainly did some good buying yesterday afternoon. I missed out, I paid 17 cents but I am still happy with that. We have a small Gold mine from Gaffney's Creek that not many people have ever heard about, but I think we have the second highest grade in Australia and for a EV of around 23 million we have a real Gold mine. Just for comparison of A1 to to other Gold mines, Aurum Analytics has some nice reports.

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Good observation!
This has been a noticeable trading pattern for well over a year now and leads me to believe there is an 'entity' or group of traders deploying the same trading strategy, which is an accumulation strategy taking advantage each time there is excess liquidity and trading volatility. They are obviously very experienced and have a good understanding of the stock fundamentals and chart technicals. I'd consider them sharks amongst day traders but clearly super bullish on accumulating long term. It's a huge reason I'm bullish on the condition that the company maintains trajectory and keeps kicking goals. Once the POG runs you'll be left behind if you haven't already locked in a position. I still think 2024 is THE year.

Last edited by heartastack: 11/08/23

KAU Price at posting: 18.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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