AUZ

7.69%

1.2¢ australian mines limited

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Muay

1,317 Posts.

277

03/06/24

14:07

Post #: 74138308
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Originally posted by MrQ: ↑

Not always bad news. Can be bad news. GXY was a counter example. Company a bit of a mess. 1 for 10 from 4c to 40c. Most people sold between $3 and $5 before Orocobre came in.

We're in the explorer/discoverer arena here. That's a cycle of limited funds, CR, try something, it fails, try again, rinse repeat. Do a CR you get caned, do nothing because you didn't do a CR you get caned. Do a consolidation to generate liquidity in a share you get caned.

I usually hold about 10 of these types of shares at a time. 1 in 10 the rinse repeat cycle works out eventually and I'm happy. Sometimes more, sometimes less. Its a fun segment, but you have to accept failures and move on. Never get too caught up in them or go in deeper than you can afford to lose. Otherwise when it fails it can become an unhealthy obsession.

That means maybe 9 of the 10 shares fail. Pretty standard and we could be talking about any one of 5,000 similar shares on the ASX. AUZ isn't special. Given 99% of posters on here are ex-holders I can see it's been disappointing. Just never seen those numbers in this type of share before but hope it helps.

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AUZ Price at posting: 1.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 1.2¢		Change -0.001(7.69%)		Mkt cap ! $16.78M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$11.7K	975.0K

Buyers (Bids)

No.	Vol.	Price($)
14	35271719	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	612037	2

View Market Depth

No.	Vol.	Price($)
13	35261719	0.011
7	10802810	0.010
5	11030000	0.009
12	13278861	0.008
10	4374286	0.007

Price($)	Vol.	No.
0.012	302495	1
0.013	1277766	4
0.014	2984514	10
0.015	2256028	11
0.016	5669897	19

Last trade - 16.10pm 15/11/2024 (20 minute delay)

AUZ (ASX) Chart

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