AUZ 0.00% 1.1¢ australian mines limited

Ann: Institutional Placement Raises $5.2 Million, page-201

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  1. 230 Posts.
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    Hi Elcappo

    Personal view expressed below based on trading experience and long time holder/observer of AUZ

    The stock price will definitely go up leading up to the 30 September deadline. More so than ever the market these days build towards news release then dumps post news often on good news. This whole capital raise is on that premis (for the financiers) and I have little doubt it won’t play out.

    Which is the point I’ve been trying to get across to holders, from my experience, pre announcement is the opportunity to offload before this thing tanks. Choosing your time and price will be difficult as we can expect 370m stock need to be rinsed through in addition to who ever else is bailing out.

    I definitely will be exiting entirely prior 30 September.

    remember there are day traders and the poorly researched that will happily jump in over the next 4 weeks, have a plan and take advantage of the opportunity, but when the clock ticks twelve this horse we’re all riding will suddenly become a dog.

    Do your own research, none of this is intended to be financial advice.

    The above is personal opinion only.
 
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Last
1.1¢
Change
0.000(0.00%)
Mkt cap ! $15.38M
Open High Low Value Volume
1.1¢ 1.2¢ 1.1¢ $37.03K 3.361M

Buyers (Bids)

No. Vol. Price($)
12 48759075 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.1¢ 146660 3
View Market Depth
Last trade - 10.47am 19/11/2024 (20 minute delay) ?
AUZ (ASX) Chart
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