Some more commentary to add to the mix:
Notwithstanding ATV's own issues regarding acquisition of land titles, analyst Stewart Thompson recently gave an excellent summary describing the underlying market goings-on. The major points are:
1)He sees heavy shorting of the gold juniors across the board by hedge funds. The majors are not being targeted.
2) Retail investors are out of the picture. They're done in by the GFC, house price falls, rising cost-of-living, etc.
His expectation is the shorting will cease when three requirements are met; ie:
1) Gold price continues to rise (we have that.)
2) Margin requirements on the hedge funds are tightened by the big banks in response to the rising gold price and increasing profitability in the majors & juniors.
3) A clear demonstration of a falling USD. he anticipates a stampede of money into equities - more so gold & gold stocks - when the USD is shown to be officially on the nose.
So, more patience is required I feel.
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.182M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 0.9¢ | $17.90K | 1.879M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 2037150 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 106701 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 2037150 | 0.008 |
3 | 914285 | 0.007 |
2 | 400000 | 0.006 |
3 | 750000 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 106701 | 1 |
0.011 | 113637 | 1 |
0.012 | 750000 | 2 |
0.016 | 29316 | 1 |
0.024 | 1000000 | 1 |
Last trade - 15.05pm 07/07/2025 (20 minute delay) ? |
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AUSTRALIAN GOLD AND COPPER LTD
Glen Diemar, MD
Glen Diemar
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