Bravo2, why are you the only one allowed to be sarcastic?
At any rate, I said
"As Juk says, we are looking good. There is no rational reason for a price drop... ergo, any potential drop is irrational, ergo, short-lived (in theory :) )...
Therefore, risk v benefit analysis... I wouldn't consider selling."
Which partially explained why I don't think it will drop. We are looking good, and there is no rational reason for a price drop.
To that I will add that I believe AAM is already undervalued, with supportive buyers that are very happy to buy on weakness.
Furthermore, I don't believe a gold pour will occur for a while (read, 2 weeks)... which allows time for another positive announcement and an increase in SP...
Furthermore, it's certainly possible that a gold pour announcement and an upgraded resource announcement could come at the same time, making it very unlikely that the SP would drop.
Furthermore, when a gold bar is produced, it means risk has reduced.
Finally, it just doesn't make sense. Part of the reason for this is when AAM produces a Gold Bar, it gives a mandate to some fund managers... which means that there should be more SP demand, raising the price.
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Last
5.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.43M |
Open | High | Low | Value | Volume |
5.6¢ | 5.8¢ | 5.5¢ | $22.27K | 395.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 41913 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.9¢ | 29000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41913 | 0.056 |
1 | 89959 | 0.055 |
2 | 65000 | 0.053 |
1 | 555000 | 0.051 |
2 | 550000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 29000 | 1 |
0.060 | 345900 | 3 |
0.068 | 24394 | 2 |
0.074 | 40000 | 1 |
0.075 | 542926 | 2 |
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