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0.8¢ australian mines limited

AUZ - chart, page-116

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U3962521

761 Posts.

64

17/12/17

09:41

Post #: 29685860
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Originally posted by goggledog ↑

There's an old saying, "buy the rumour, sell the fact" which often rings true especially when companies in the early stages or development release news (good or bad). It seems counter-intuitive I know, but the smart money use such 'liquidity events' to distribute stock to the masses when interest is high and then accumulate during times of little to no interest when the SP is bottoming out. Unfortunately, most of us are left scratching our heads as to why the SP drops when the news is perceived as being good.

BOT activity is usually a sign of market-makers creating liquidity in stocks during times of accumulation or distribution (or both). Not necessarily a bad thing if you know how to read it.

The only thing preventing me back from investing long-term in AUZ right now is the number of shares on issue. There's will be a lot of additional capital to raise before AUZ get Sconi into production which means further dilution and with 2.6B already on issue, there's always the risk of a consolidation. For this reason, I'm trading AUZ, but the buy and hold strategy isn't worth the risk.

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Yeah am worried on the volume with a share consolidation also

AUZ Price at posting: 9.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.8¢		Change 0.000(0.00%)		Mkt cap ! $10.48M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.7¢	$7.667K	986.6K

Buyers (Bids)

No.	Vol.	Price($)
32	6695629	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	3639474	12

View Market Depth

No.	Vol.	Price($)
32	6695629	0.007
32	44824111	0.006
16	32250199	0.005
9	8654750	0.004
4	2960000	0.003

Price($)	Vol.	No.
0.008	3639474	12
0.009	2064564	8
0.010	2973131	21
0.011	4747820	12
0.012	4135705	7

Last trade - 15.44pm 03/10/2024 (20 minute delay)

AUZ (ASX) Chart