AUZ - Australian Mines

[Sodapop]

My feeling is that this is steeling itself for a run into the low teens (and maybe higher) - it is winding itself up like a spring (pun NOT intended!) and A LOT of players are waiting for it to happen - might be a situation where the rise (when/if it comes) will feed itself... Currently there are a lot of players with differing MOs here (like any other stock): daytraders like playing with this as it is easy to get a few (low risk) points out of it, there's also a lot of smart buying (by maybe some in the know???) into the drops when the third group, (i would say silly - but that is my opinion only) punters who don't have the fortitude to stick it out until the next breakthrough (and i'd like to add they might be right - but i don't agree) lose patience/nerve and liquidate...


Fingers crossed that i am right...

 

[Fab]

My feeling is that this is steeling itself for a run into the low teens (and maybe higher) - it is winding itself up like a spring (pun NOT intended!) and A LOT of players are waiting for it to happen - might be a situation where the rise (when/if it comes) will feed itself... Currently there are a lot of players with differing MOs here (like any other stock): daytraders like playing with this as it is easy to get a few (low risk) points out of it, there's also a lot of smart buying (by maybe some in the know???) into the drops when the third group, (i would say silly - but that is my opinion only) punters who don't have the fortitude to stick it out until the next breakthrough (and i'd like to add they might be right - but i don't agree) lose patience/nerve and liquidate...


Fingers crossed that i am right...

I hope you are right. I am surprised a nickel producer such as AUZ has not really benefited from the jump in nickel price.

 

[Fab]

Here we go AUZ has now broken 0.09 convincingly and is trading at 0.094. Good volume. Something is happening

 

[nizar]

Here we go AUZ has now broken 0.09 convincingly and is trading at 0.094. Good volume. Something is happening

I will wait until it breaks 10-11c convincingly before taking a position.
Could easily get knocked back there as it usually does.

Buy-gain conditional order at, say, 12 or 12.5, maybe wouldnt be a bad idea.

 

[Fab]

I will wait until it breaks 10-11c convincingly before taking a position.
Could easily get knocked back there as it usually does.

Buy-gain conditional order at, say, 12 or 12.5, maybe wouldnt be a bad idea.

I agree with that statement. Very strong resistance around 10 - 11 c. So it could fly after that. Look at NIA for example

 

[Fab]

Getting closer to the 10c mark so there seems to be a lot of resistance.

 

[nomore4s]

Yesterday was the first time AUZ has had a white candle the day after attempting to break out and with the MACD turning up and about to break into positive territory and stoch also looking to move up through 50, all the signs are looking good for an assult at the 10c barrier.
I was expecting a sell down yesterday especially after the first few hours of trading but the buyers came in late in the arvo, so Thur should be interesting to see whether it can gain the momentum to carry it through 10c and beyond.

 

[constable]

Yesterday was the first time AUZ has had a white candle the day after attempting to break out and with the MACD turning up and about to break into positive territory and stoch also looking to move up through 50, all the signs are looking good for an assult at the 10c barrier.
I was expecting a sell down yesterday especially after the first few hours of trading but the buyers came in late in the arvo, so Thur should be interesting to see whether it can gain the momentum to carry it through 10c and beyond.

Should be interesting nomore4s it is certainly running out of room at the end of that pennant.

 

[Fab]

AUZ is now getting very close to the 10 cts mark. Looking good Will look better if it breaks it convincingly note that volume is very high

 

[zaskar]

AUZ is now getting very close to the 10 cts mark. Looking good Will look better if it breaks it convincingly note that volume is very high

10.5 actually... some very large buys at 10 cents just then - check the intraday data.. mine lags a bit.

 

[Fab]

10.5 actually... some very large buys at 10 cents just then - check the intraday data.. mine lags a bit.

Indeed volume went from 18 million to 35 million in few minutes. What is going on

 

[zaskar]

Indeed volume went from 18 million to 35 million in few minutes. What is going on

ok sorry for the delay in post - major resistence was at 10cents, buyers broke through this at 11:46 with one buyer - 851k, 8.5 million shares

 

[Fab]

ok sorry for the delay in post - major resistence was at 10cents, buyers broke through this at 11:46 with one buyer - 851k, 8.5 million shares

Surprising that a big buyer like that did not push the share price much higher. Someone knows something that we don't. I am holding.

 

[nomore4s]

Very good day for AUZ today, cleared 9.7c (blue line) & more importantly held above 10c, also very good vol (60mil+), on the yearly chart only 11c/11.5c to clear. Updated chart below,its looking pretty good.

 

[Ang]

Surprising that a big buyer like that did not push the share price much higher. Someone knows something that we don't. I am holding.

Look at the fundamentals, the announcement last night explains it all. Why wouldn't the big boys be interested in this stock? When you have the U stocks at around 50 cents to $2.00 and they haven't taken anything out of the ground. This stock is cheap at 11 cents when has a turn over of income of $25M in 9 months and net cash flow of $6M. Should see this by the end of the year much higher than where it is now. If someone has a value of their resource, I think it is above 15 cents/share.
kind reg
ang

 

[laurie]

Out of all the stocks I own this one has had me puzzled sinced I jumped on @.021c becareful with stop losses you may come home one day and find the drawer empty

cheers laurie

 

[Sodapop]

As my man Jackie Stewart would say - "isnt it exciting?"... Yes Jackie - it sure is... not far off being my first 10 bagger (on a decent line of stock too boot - did take 18 months (and lots of self assurance - at several points...) to get here...)... Many people have hanging on this to happen - the downside (in my opine) is pretty much restricted (pending strong Ni prices) - while a pretty decent upside is there with all of the drivers on the horizon - PIO JV, A 57, Au Prod, Marriots, Expl. Tenement Acqs... This looks like a goer... I think a lot of the daytraders may be getting shaken out of late which can only be good... One question - is this the beginning of a takeover (just asking the question out loud?) - wouldn't be surprised - is dirt cheap for a small mid-size parent to consume...

 

[trader]

Could see this dropping back to 9 cents range, remember this is a ramp and
dump stock. (currently two orders @ the 10 cents buy are for 2 million each
these are classic ramp orders- orders will disappear or move down before they
get filled )

 

[Fab]

As my man Jackie Stewart would say - "isnt it exciting?"... Yes Jackie - it sure is... not far off being my first 10 bagger (on a decent line of stock too boot - did take 18 months (and lots of self assurance - at several points...) to get here...)... Many people have hanging on this to happen - the downside (in my opine) is pretty much restricted (pending strong Ni prices) - while a pretty decent upside is there with all of the drivers on the horizon - PIO JV, A 57, Au Prod, Marriots, Expl. Tenement Acqs... This looks like a goer... I think a lot of the daytraders may be getting shaken out of late which can only be good... One question - is this the beginning of a takeover (just asking the question out loud?) - wouldn't be surprised - is dirt cheap for a small mid-size parent to consume...

I tend to agree with that statement. Looking cheap for a Nickel producer specially with the high price of Nickel. Some other Nickel stocks that have not produce anything yet are trading around $1 such as NIA. Looks like there is indeed a lot of upside to this one then.Day trader might now try to ride the wave if it break the 11-11.5 cts mark.

 

[zaskar]

auz just hit a 3.5 year high at 12 cents...
probably won't take off straight away, but if it can hold here and consolidate, has the potential to run...