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18.3%

7.1¢ aurora energy metals limited

Companies that are not even close to the start of production are...

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Marlboro

112 Posts.

20

05/06/24

02:06

Post #: 74165904
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Originally posted by Rubyjon: ↑

I most certainly agree with you in terms of the companies future potential but production is a long way off. Investors/traders will often move their money to other companies that are closer to news, production or some form of catalyst when a company they are currently in has no near term catalyst. For example 1AE’s next step could be a PFS which will not eventuate anytime soon. Selling out and investing money elsewhere could produce more gains instead of leaving money idle for months on end awaiting news. When news does appear to be closer investors/traders could reenter the trade. At the moment the chart is bearish, price is below the 50 and the 200, with this in mind the market may wait until the chart indicates a reversal becoming bullish. This is all in my opinion and most certainly not advice just my view.

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Companies that are not even close to the start of production are 50 times or even 100 times more expensive than 1AE and some of them are in Africa:
DYL mcap $1.6B, production 2026 and 2028
LOT mcap $806M, production Q4 2025
BMN mcap $643M, production late 2026
AGY mcap $230M
EL8 mcap $157M
1AE mcap $16M, one of the largest uranium deposits in the USA

1AE Price at posting: 8.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.1¢		Change 0.011(18.3%)		Mkt cap ! $12.71M

Open	High	Low	Value	Volume
6.2¢	7.1¢	6.2¢	$28.18K	433.0K

Buyers (Bids)

No.	Vol.	Price($)
1	5000	6.4¢

Sellers (Offers)

Price($)	Vol.	No.
7.2¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	1	0.072
1	5000	0.064
1	100000	0.061
3	211999	0.060
1	120000	0.059

Price($)	Vol.	No.
0.072	50000	1
0.075	73913	1
0.082	25500	1
0.083	133190	1
0.090	50000	1

Last trade - 16.10pm 11/07/2024 (20 minute delay)

1AE (ASX) Chart