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So basically retail investors have funded them till now and in...

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27/06/24

13:00

Post #: 74507731
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Originally posted by binwood: ↑

I have discussed the consolidation issue before but will take a different angle that I didn't discuss last time.

The dogs that consolidate and continue to go lower are usually stocks that are retail dominated and continue to be retail dominated and are only consolidating so they can keep shoving raises down retails throat.

The consolidations that work ala CMM and EMR are stocks that are moving towards an actual FID and project building and most importantly moving into the part of their journey where they move from retail dominated to institutional dominated. Institutions would rather buy higher SP, cleaner register stocks. We are now at that point.

This is evidenced by Dundee and Jupiter both owning huge chunks and this recent raise introducing the stock to NA investors via Dorward.

Not that it will make HC happy but to be frank this consolidation is not getting done with HC punters in mind. It's getting done thinking about institutions and the future register.

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So basically retail investors have funded them till now and in one hit wipe them out and bring in the big boys.
They didn't even use lube?

AUC Price at posting: 3.3¢ Sentiment: Buy Disclosure: Not Held
4 Upvote

0 Great analysis

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(20min delay)
Last 45.3¢		Change 0.013(2.84%)		Mkt cap ! $161.2M

Open	High	Low	Value	Volume
45.0¢	46.3¢	44.5¢	$139.4K	308.4K

Buyers (Bids)

No.	Vol.	Price($)
1	2631	47.5¢

Sellers (Offers)

Price($)	Vol.	No.
48.0¢	6900	1

View Market Depth

No.	Vol.	Price($)
1	2631	0.475
1	1632	0.465
3	61299	0.440
1	20000	0.435
1	69697	0.430

Price($)	Vol.	No.
0.480	6900	1
0.485	16863	2
0.495	13000	2
0.500	85933	4
0.505	1000	1

Last trade - 15.59pm 03/10/2024 (20 minute delay)

AUC (ASX) Chart