AAM 13.7% 5.8¢ aumega metals ltd

looks like it has bottomed out

  1. 1,673 Posts.
    lightbulb Created with Sketch. 143
    Good volume today. Very interesting considering the historically low volumes traded. This was in excess of 1% of the total number of shares on issue. Looks like buyers have entered the market, which is not surprising considering the disgustingly low market cup of 14mil, 1 mil ounces in the ground and the POG at USD1,000. Correct me if I am wrong, but the in-ground resource value is curently 1mil x USD1,000 = USD 1billion. Just compare it to the market cup of $14 mil Australian (and they still have cash in the bank!).

    The sp needs to hold for a bit longer or go up to break the down-trend, though. The management also promised some important announcements in the near future. This share should not need any good news... it is so undervalued... but let's hope for some good news ;-).
    Cheers,
    Dratoz
 
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Last
5.8¢
Change
0.007(13.7%)
Mkt cap ! $30.48M
Open High Low Value Volume
5.3¢ 6.0¢ 5.1¢ $50.61K 919.5K

Buyers (Bids)

No. Vol. Price($)
1 156396 5.5¢
 

Sellers (Offers)

Price($) Vol. No.
5.8¢ 54077 1
View Market Depth
Last trade - 15.58pm 26/06/2024 (20 minute delay) ?
AAM (ASX) Chart
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