AAM 0.00% 5.6¢ aumega metals ltd

Bravo2, why are you the only one allowed to be sarcastic?At any...

  1. 434 Posts.
    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
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
AAM (ASX) Chart
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