After a positive announcement by Ausmex of significance and 11m...

After a positive announcement by Ausmex of significance and 11m shares trade up 35% and then sold down the next days shows that the Australian market in the resource section is lacking sophistication it once enjoyed. I blame it on lack of information and guidance from the broking community. Even dedicated resources sector brokers don’t employ resource analysts anymore. It’s now all about commission basis based on raising money, even though they don’t even know if the deal is good or bad.its all about commissions. When a significant announcement is released by an ASX company, the brokers look at their screen. If price goes up, must be Good if goes down must be bad.im not talking expressly about Ausmex it’s the same for the whole ASX listed resource companies. Brokers by their own greed are destroying their own enterprise. BeCause the brokerscant give advice anymore on resources, better to go online and make your own judgement. The broking industry is sick.