Hi mate. Firstly, I'm no expert but happy to share my thoughts.
Obviously, very irrational s/p reaction to an increase in the POG. I dare say there's some impatience knowing that above 8c many 'instos' from the recent raise could dump for an instant profit. I dare say many have already. This process can take some time unfortunately & reflects why CR's are frowned upon. Historically, larger cap producing miners are the one's that experience meaningful s/p improvement when the commodity it produces is surging. Small caps explorers can lag. Stay patient - very thin back to 8c and could pop on a heavy investment above that.
I'm trying to unwind another position to enter AUT. Thought I'd missed it so am also surprised to see it drop in s/p. I wonder if there was any geo political concerns in Canada. I doubt it - historically a very safe bet.
The combination of AUT getting closer to production & the POG further increasing should result in the share price responding accordingly.
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Last
$1.07 |
Change
0.015(1.43%) |
Mkt cap ! $512.0M |
Open | High | Low | Value | Volume |
$1.08 | $1.09 | $1.04 | $3.486M | 3.326M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | $1.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.07 | 6166 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 1.060 |
1 | 24186 | 1.050 |
2 | 24186 | 1.045 |
2 | 34186 | 1.040 |
4 | 44686 | 1.035 |
Price($) | Vol. | No. |
---|---|---|
1.070 | 6166 | 3 |
1.080 | 11750 | 1 |
1.085 | 2500 | 1 |
1.090 | 6337 | 2 |
1.095 | 6952 | 1 |
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