Wow...does not take a lot for posters to get nervous again. I have lowered an accummulation order a few times to try pick the low for the day. Then speculation occurs that the 12 mil broker is offloading- lol.
They are a large holder, so we would have seen an ASX notice that they are offloading if this was the case.
Anyway hope to pick up below 1.1... as lots of news to come out this month. Another dollar average UP... as dollar average UP at 90c now hopefully below 1.1.
Soon it will take off IMO due to following discussed;
1) Council approval.
2) Upgrade completion
3) Update on SSC FE Study
4) ALCOA WORLDWIDE DEAL
5) SPL pilot update
6) NMP update
7) Update on Plant 1 full capacity upgrade
8) Plant 1 operating at 5000t pm capacity or more.
9) Other ALU Coy interest
10) Commercial lawyer employed for Silica transaction- WHY... selling off for cashflow and ALU OS expansion.
All looks good to me- trying to accummulate at lowest level I can.
As I see 1.1 as lower than fair value from Plant 1 income alone. So as I saw it drop below 1.2 I been stepping down to accummulate at (HOPEFULLY) the low of the day. All fun and games... worked to pick up a good amount at 90c b4 XMAS.
Cheers JAY
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8 | 161856 | 0.485 |
2 | 7000 | 0.480 |
3 | 40845 | 0.475 |
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Price($) | Vol. | No. |
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0.500 | 38126 | 1 |
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