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0.8¢ australian mines limited

Battery Giant LG Chem Prepares to Lock In Mineral Supplies (yahoo.com), page-593

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Hingdog

22,875 Posts.

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24/03/23

19:56

Post #: 66950767
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Originally posted by Koala1959 ↑

I should have been more specific / accurate when I mentioned Volume I really meant to refer to $ value ($ Volume) - lets be generous and say the share sale volume has averaged 2,000,000 in March (but often much less) depending on whether you use 4c or 3c you are looking at $80k / $60k - even with the lower MC that is hardly massive especially when on quite a few days it was in the 1,000,000 range.

I am certainly not trying to in any way suggest the SP has not been a disaster - the fall is clear in the graph - but what it also shows as the SP has fallen is the actual $ value of shares traded daily has dropped which to me implies SH have in the majority decided to wait and see what happens next

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Honestly I doubt you're going to see true capitulation selling in this one, the time for panic selling was years ago, now it's just people slowly waking up to reality and salvaging whatever scraps remain of their investment. Imo it'll slowly bleed back to shell value i.e sub $5m cap and eventually they'll recap and probably consolidate again and bring in a new project.

Sconi won't be mined this decade

AUZ Price at posting: 3.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.8¢		Change 0.001(14.3%)		Mkt cap ! $11.18M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.8¢	$760	94.97K

Buyers (Bids)

No.	Vol.	Price($)
40	10196179	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	473959	8

View Market Depth

No.	Vol.	Price($)
40	10196179	0.007
18	10503791	0.006
17	19086666	0.005
5	3000000	0.004
2	2175000	0.003

Price($)	Vol.	No.
0.008	473959	8
0.009	5975725	11
0.010	7869616	25
0.011	3489022	9
0.012	6699701	10

Last trade - 10.00am 27/06/2024 (20 minute delay)

AUZ (ASX) Chart