AUZ 0.00% 0.7¢ australian mines limited

Tree Shaking, page-7

  1. 4,382 Posts.
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    I agree...it still has a bit of 'ye old tree shake' feel to it so to some extent I'm still hopeful it might do a sharp retrace at some point in the near future...but if it goes much lower I'd say it's a profit taking issue caused by huge supply and the low entry point around 2c that is feeding that supply...only once they have sold out, so to speak, will the pressure come off...that will be determined by where the average 2c holder sees it bottoming out relative to the amount of profit % they still have on offer relative to where they see this going in the next 6 months or so...end of the day, if Cobalt remains strong and they have the carrot of small production and resource potential still there...it'll go back up and hopefully by then these lot are all free carried and don't give a hoot where it ends up
 
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