AGE

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4.0¢ alligator energy limited

AGE Daily Report, page-180

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Taataa

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20/03/23

17:02

Post #: 66863683
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Originally posted by dc1234: ↑

Markets in panic mode?
.
Will keep it short as covered most in weekly report.
.
Yes AGE lost 1 pip to finish at 3c. Our volume was not very high, just over 7m shares traded. Still trying to hold 3c, trading more or less as expected.
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ASX U stocks were quite weak. Of the 28 stocks that I track, average loss was around 4%.
.

What next:
.
Markets in a very volatile and uncertain state. The key data this week is Fed Rate Rise on Wednesday. But markets are already panicking, with general economy, banks failing and fear of recession taking centre stage.
.
SP 500 was supposed to play in the zone of 3800 to 4000, with many expecting that in short term markets will go up around 2% and test 4000. But the way ASX traded today was as if its expecting big drops in US markets. It would be good to hold 3800 and worst 3750 - else all those bears calling for a drop to 3250(+/-) would be proven right.
.
The recent rally/stabilisation in markets has been done by Tech sector. Resources are quite weak. Energy sector has been the worst performer in last 3 months. It is reflected in The Uranium and Lithium sectors I cover.
.
Personally still playing mostly defensive.
.
So what will happen tonight? US Futures flat. Asian markets largely red - some big reds as well. Bitcoin - the riskiest asset is taking a big advantage of banking crisis and is going from strength to strength. Clearly the co-relation between cryptos and stocks is now not happening. Markets are very fragile and any one news can act as tinder and fire it up - either way. At best we could hope for Mr Powell to come to some rescue, but that is still couple of days away. It would be good if markets hold till that time and try to cross 4000/4100. Will that happen? Lets hope so. All the best.

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buy to hold, first time.

AGE Price at posting: 3.0¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 4.0¢		Change -0.004(9.09%)		Mkt cap ! $154.7M

Open	High	Low	Value	Volume
4.2¢	4.2¢	3.9¢	$999.8K	24.68M

Buyers (Bids)

No.	Vol.	Price($)
4	406590	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	237476	3

View Market Depth

No.	Vol.	Price($)
4	406590	0.040
16	4208317	0.039
15	4156184	0.038
6	2163081	0.037
6	1522805	0.036

Price($)	Vol.	No.
0.041	237476	3
0.042	601162	4
0.044	418181	3
0.045	470322	3
0.046	454000	2

Last trade - 16.10pm 02/08/2024 (20 minute delay)

AGE (ASX) Chart

AGE Daily Report, page-180

GreenX picks up prospective copper project in Germany

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Westgold sets its sights on top five producer status through merger with Karora

Is oil undervalued?

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Venture to sniff out high-grade REE targets at Jupiter project, WA

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

AGE Daily Report, page-180

Top Stories

GreenX picks up prospective copper project in Germany

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Westgold sets its sights on top five producer status through merger with Karora

Is oil undervalued?

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Venture to sniff out high-grade REE targets at Jupiter project, WA

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News