You are sounding exactly like TCB007, and he sold OZM I suspect around the 4-5c mark going by his postings. Made some good profits, 1x, 2x and then hit a dog and we know what happen then, down 4x, maybe more, which probably wiped out all his profits and more.
Another punter on OZM sold out at around 4-5c, he had a substantial holding also like TCB007 but then bought WR1 at around 50c thinking it was a bargain after a drop in its share price, its now 13.5c.
He was better off holding, staying put in OZM.
As I have said before trading is a mugs game you make profits here and there but then you hit a dog and all your profits evaporate, not saying you stay or sell, its your call.
OZM share price is disappointing no doubt, but its reversal IMO will be substantial next time on a good announcement, such as on the HL progress, the trading on OZM this time around IMO is different, there appears to be solid support at .075c and what we are witnessing now is a good tree shake out, before the end of the FY, looks like you might be one of them, which will help OZM onto a higher support level.
I could be wrong, but I like and believe in the OZM story and its fundamentals, thats why I'm a long term holder.
Each to there own, if you have lost faith in management or in the story, then it might be a good idea to sell to offset some profits before the end of the FY.
IMO the only people who make money trading on the junior mining ASX are fortune tellers or BS artists.
All in my opinion, DYOR.
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Ann: Gold Mineralisation Extended at Cross Fault, page-221
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Last
7.1¢ |
Change
-0.001(1.39%) |
Mkt cap ! $16.26M |
Open | High | Low | Value | Volume |
7.3¢ | 7.3¢ | 7.0¢ | $41.13K | 583.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15115 | 7.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.2¢ | 23112 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15115 | 0.071 |
6 | 217492 | 0.070 |
2 | 19500 | 0.068 |
4 | 55260 | 0.065 |
1 | 40934 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.072 | 23112 | 2 |
0.073 | 45528 | 2 |
0.074 | 36926 | 2 |
0.078 | 64307 | 2 |
0.080 | 48288 | 1 |
Last trade - 15.09pm 16/06/2025 (20 minute delay) ? |
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OZM (ASX) Chart |