Hi mate. Firstly, I'm no expert but happy to share my thoughts.
Obviously, very irrational s/p reaction to an increase in the POG. I dare say there's some impatience knowing that above 8c many 'instos' from the recent raise could dump for an instant profit. I dare say many have already. This process can take some time unfortunately & reflects why CR's are frowned upon. Historically, larger cap producing miners are the one's that experience meaningful s/p improvement when the commodity it produces is surging. Small caps explorers can lag. Stay patient - very thin back to 8c and could pop on a heavy investment above that.
I'm trying to unwind another position to enter AUT. Thought I'd missed it so am also surprised to see it drop in s/p. I wonder if there was any geo political concerns in Canada. I doubt it - historically a very safe bet.
The combination of AUT getting closer to production & the POG further increasing should result in the share price responding accordingly.
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$1.29 |
Change
0.020(1.57%) |
Mkt cap ! $721.7M |
Open | High | Low | Value | Volume |
$1.30 | $1.33 | $1.28 | $4.028M | 3.096M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14094 | $1.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.30 | 52484 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14094 | 1.285 |
2 | 13507 | 1.280 |
3 | 41508 | 1.275 |
4 | 15196 | 1.270 |
2 | 11857 | 1.255 |
Price($) | Vol. | No. |
---|---|---|
1.300 | 52484 | 2 |
1.310 | 10070 | 1 |
1.315 | 10000 | 1 |
1.320 | 77251 | 7 |
1.335 | 7500 | 1 |
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