AUZ

0.00%

1.3¢ australian mines limited

Ann: Notice of General Meeting/Proxy Form, page-75

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16/08/22

10:41

Post #: 63136881
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Originally posted by TinyBoat: ↑

Yes, I agree someone has been giving the SP a little help up. But there also have been dumps. Recent action does not appear to fit trading patterns from the recent past. Maybe the tide has turned and a differnt trading pattern makes money for the traders. It looks to me mostly day trading - they like to do their thing on a general rising trend - less risk of getting stranded on a position. Safer also AFTER a CR, when they can get stung by a discounted private placement. They also would like to start with a bag of shares bought cheap... I think there is some truth in what both RED and Gccc say.

Also, I'm sure a lot of people would like to see the SP well above 14c. Would make life a lot easier for the directors as well - they'd have a show of filling their current placement if the SP keeps going north.

But is there something more than manipulation going on here? Manipulation is so much easier if they are swimming with the tide. Sconi is primarily a nickel mine, located near Greenvale in a major nickel province. Management have been keen to continue drilling for nickel prospects on their tenements and to raise funds to do so. Given the impact that would have on funding negotiations and near term projected shortfall in world nickel production, is that not a fairly prudent?? There is more to this company than the current state of funding negotiations or poor judgement from a now departed director 5 years ago! Maybe the SP deserves to be a lot higher than it is, based on fundamentals. I really don't know, but my gut says it should be. Any significant upgrade in the nickel, given the current hype around nickel resource, would be interesting. Then watch the bot trades and the price spiking (as we have seen before with AUZ on announcements). That would leave those now selling below 10c feeling very sad I suspect!

One thing I have learned in the last few years here, is that for these companies held overwhelmingly by retail shareholders, you need to assume EVERYONE posting has an agenda and take the time to watch the patterns in trading and correlate that against what is being said (or not said) on HC, whilst keeping an open mind to listen to those who disagree with your sentiment, but take the time to explain their position. (And put the flamers on ignore).

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Another that thinks what is said here on HC effects share price movements on the ASX.

AUZ Price at posting: 10.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 1.3¢		Change 0.000(0.00%)		Mkt cap ! $18.18M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.3¢	$5.874K	451.8K

Buyers (Bids)

No.	Vol.	Price($)
15	23780989	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	3593683	9

View Market Depth

No.	Vol.	Price($)
14	22780989	0.013
11	20845999	0.012
12	35373367	0.011
12	11912810	0.010
6	9507777	0.009

Price($)	Vol.	No.
0.014	3542666	8
0.015	2086028	10
0.016	5653591	20
0.017	15839838	17
0.018	3361352	6

Last trade - 16.10pm 08/11/2024 (20 minute delay)

AUZ (ASX) Chart

Ann: Notice of General Meeting/Proxy Form, page-75

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