Great post.
I agree with you that some might be selling to avoid opportunity cost... I will probably do this myself in small amounts, for the right opportunities.
You've touched on a few things I wanted to delve deeper on over the coming days/weeks.
1. Our ~600k oz gold that we both bought in for.
Yes, management ditched it as apparently ~600k oz x a hypothetical ~$1,000 margin = $600,000,000 is not a good start.I mean, don't you have to get to 600k oz before you get to 6m oz?
Now look at the reverse-pivot in strategy (as you've mentioned).
They've realised the error and have pivoted back to the resource corridor 2 years after ditching it.
2. The other thing management did which I thought was not overly smart was ceasing the paid promotion.
As a spec stock we raise funds by dilution, which means the higher the share price is then the less dilution we experience.
Stripping away the promotional budget was a failure and imo contributed to a greater than necessary decline in the share price.
Similar to canning the ~600k oz, both of these factors supported the share price and were both stripped away.
I own another stock which hit a discovery hole last week.
They have Next Investors as a paid promoter.
From a mere 30m @ 1.5g/t hit the stock turned over 40% of shares issued, on the day of the hit.
I believe we need to advertise the work that's being done through a legitimate marketing firm, not just an X account which gets 28 views from a good announcement.As a reminder:
All my humble and amateurish opinion though.
DYOR as always.
Best of luck punters.
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aumega metals ltd
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Last
3.5¢ |
Change
0.001(2.94%) |
Mkt cap ! $21.21M |
Open | High | Low | Value | Volume |
3.6¢ | 3.6¢ | 3.3¢ | $9.489K | 275.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 27161 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 609649 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 27161 | 0.035 |
3 | 252033 | 0.033 |
3 | 120000 | 0.032 |
1 | 24998 | 0.031 |
4 | 350033 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 609649 | 1 |
0.040 | 22368 | 1 |
0.041 | 30000 | 1 |
0.042 | 219824 | 3 |
0.043 | 20000 | 1 |
Last trade - 14.02pm 28/07/2025 (20 minute delay) ? |
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AAM (ASX) Chart |