HMX

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4.0¢ hammer metals limited

HMX - Charts, page-386

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DuddleyDawson

440 Posts.

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19/04/23

20:23

Post #: 67363555
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Originally posted by Dragone64: ↑

If it now goes another 2 weeks until we hear something, then the SP will crumble to below 8 cents. The "disappointment sellers" start to sell their positions because there is no news. This is not the first time we have seen something like this. Would have been nice to get some kind of halfway meaningful update this week to mitigate or eliminate this effect.

20% plus after strong news from 8 cents or from 10 cents as a starting base makes a difference.

Then it seems to me that once again a wall is being purposefully built up (currently at 9 cents). Looking over the wall, there is not much left on the ask side. That, too, we have seen a few times before. This tempts more holders to sell under fear, whereby "somebody" then "collect" again at a lower SP. This worked well this year, when the SP crumbled from around 8 to almost 5 cents.

The underlying story has not changed. So someone selling today should really ask him/herself why they bought in the first place. Presumably with the prospect of increasing the investment tenfold in 5 days. If only it were that simple.....

I'll watch for a few more days. Either there will be good new and the SP goes up or I will buy a few more shares at a lower SP. I am still convinced that the 2023 "math" will work out. DYOR

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so if this situation is so easy for the instos to create to the extent it keeps happening. At what point is it stagnant capital that could be working for us
elsewhere?

HMX Price at posting: 9.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.0¢		Change 0.002(5.26%)		Mkt cap ! $35.45M

Open	High	Low	Value	Volume
3.8¢	4.0¢	3.8¢	$18.19K	470.8K

Buyers (Bids)

No.	Vol.	Price($)
1	13500	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	180839	1

View Market Depth

No.	Vol.	Price($)
1	13500	0.038
1	30000	0.037
1	45715	0.036
1	28571	0.035
2	145000	0.034

Price($)	Vol.	No.
0.040	180839	1
0.041	55000	1
0.042	235703	3
0.043	152000	3
0.044	540000	2

Last trade - 16.10pm 13/09/2024 (20 minute delay)

HMX (ASX) Chart

HMX - Charts, page-386

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

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HMX - Charts, page-386

Top Stories

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

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Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News