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0.8¢ australian mines limited

Ann: Suspension from Official Quotation, page-310

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Dazza1234

2,487 Posts.

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21/06/18

07:35

Post #: 33843699
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Originally posted by vintage ↑

No need to fret! There will be plenty of opportunities to buy more. Most of the punters here haven't a clue - clearly haven't been in the markets that long.

At this end of the market there is always the 'sell on the news" factor, so if the BFS does push the SP to 12c or more it will only be momentary and you will get yr chance as it comes back down.

Also I don't think most understand just how competitive this whole EV industry is going to be and how margins are going to be squeezed at every level.

The easy money was made in the quick run from 1 to 15c when it had become patently obvious that the stock was seriously undervalued. It is going to be a harder slog from here.

That's not to say the company won't do well in the long term. It may well do as long as it negotiates the still considerable hurdles and has a sufficient quality resource to ensure profitability. It just won't create the overnight windfall that so many here expect it to do.

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I’ve been thinking the same myself. Question is, will the pull back after the bfs be like catching a falling knife? Or will it trade sideways until production.

AUZ Price at posting: 10.3¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 0.8¢		Change 0.000(0.00%)		Mkt cap ! $11.18M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.7¢	$10.21K	1.361M

Buyers (Bids)

No.	Vol.	Price($)
34	10115740	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	672649	9

View Market Depth

No.	Vol.	Price($)
34	10115740	0.007
16	3772191	0.006
16	18086666	0.005
5	3000000	0.004
2	2175000	0.003

Price($)	Vol.	No.
0.008	672649	9
0.009	3005225	10
0.010	8119616	26
0.011	4290022	11
0.012	6799701	11

Last trade - 13.23pm 25/06/2024 (20 minute delay)

AUZ (ASX) Chart