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3.5¢ ausgold limited

Not ONE !! In my lifetime ! Sold Pmy in profit (30%+ I think) a...

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Silvgolcoholic

5,485 Posts.

693

06/06/24

17:06

Post #: 74199559
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Originally posted by coto: ↑

i have been involved in 4 consolidations and I am yet to see a successful one. The only way it would work is to have a constant stream of newsflow to keep the market interested and add value to support the share price. We also have to hope gold prices stay strong which I expect, otherwise it would escalate a consolidation drop.

Consolidations rarely work Imo, generally all they do is allow the register to separate out, and pricing structures which results in less support zones. This creates more gaps to sell down into.

Some example of poor consolidations, EMC when they transitioned from TSC (this was in great Gold conditions), BML when they transitioned from PMY (this was in good silver conditions), TOE (this was in amazing uranium conditions), AIS (during good copper conditions it dropped then escalated the drop when poor copper conditions arrived). They are very risky!

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Not ONE !! In my lifetime ! Sold Pmy in profit (30%+ I think) a very short time before the Conso .
Consos never work ! Not one so far I witnessed .....

3b soi no prob . ..... please takeover !!!!! 10-14 cents please !!!! Now

AUC Price at posting: 3.2¢ Sentiment: Hold Disclosure: Held
2 Upvote

2 Great analysis

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(20min delay)
Last 3.5¢		Change -0.001(2.78%)		Mkt cap ! $96.67M

Open	High	Low	Value	Volume
3.6¢	3.6¢	3.4¢	$72.72K	2.064M

Buyers (Bids)

No.	Vol.	Price($)
6	1124193	3.4¢

Sellers (Offers)

Price($)	Vol.	No.
3.5¢	917637	1

View Market Depth

No.	Vol.	Price($)
6	1124193	0.034
10	1199003	0.033
11	1003162	0.032
12	2663386	0.031
20	2813866	0.030

Price($)	Vol.	No.
0.035	917637	1
0.036	2034459	6
0.037	282777	4
0.038	1523769	5
0.039	700000	4

Last trade - 16.10pm 01/07/2024 (20 minute delay)

AUC (ASX) Chart

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