Everyone needs to calm down.
It is important to understand that AUZ fundamentals have not changed at all.
BB said that there will be more announcements in 2018 than in 2017, so overall, this drop reflects nothing, but just a few good buys. Even today, the market is siding with more buyers, other than sellers, which is a good indication.
Guys, read the announcement: "Oliver Carton as Company Secretary, in recognition of the increased commercial activity planned for 2018 as the Company advances off-take and project finance negotiations to deliver on its strategy to become one of Australia’s premier cobalt-nickel-scandium producers."
Just remember one thing, and most people are forgetting this, the top 3 shareholders for AUZ are the three of four major holders of the big 4 banks in Australia! If I do not follow this guy who should I follow?
AUZ announcement, page-918
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.789M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $9.792K | 1.396M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 20994432 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 4563555 | 14 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |