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AUM - Australian Mining Investments

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What i would like to know is how many technical traders spotted the sharp rise and sold with profits in hand? True seasoned Techs would have taken profits right? :confused:
 
CanOz said:
What i would like to know is how many technical traders spotted the sharp rise and sold with profits in hand? True seasoned Techs would have taken profits right? :confused:
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Or at least taken partial profits off the table as the stock rose, and set new stop/losses along the way.
 
"Australian Mining Investments (AUM.AU) slumps to A$2.39 then
recovers a tad, last down 10% at A$2.47 on lively trading of 2.9 million shares,
extending yesterday's 23% plunge as investors take stock again of valuations
after AUM slashed inferred resource at Rocklands project in Queensland by more
than 50%. AUM bounced from A$2.55 during Monday's downdraft after coming out of
9-day trading halt, so there appears to be some support there. AUM doing more
exploration work at project, which will provide further trading opportunities in
future as results issued. "

I believe AUM has been down for 3 days in a row, and likely to be undervalued becuase investors have been dumping share due to the release of the announcement. The existence of copper shall support the share price to rebound and gain back some loss, we might see some today, i believe the price is relatively low and a lot of bargaining left. Any thoughts?
 
Stop_the_clock said:
Very nasty, poor investors stuck in up at around the $10 level :eek:
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Indeed, but most prob sold already at high price.

The price ended quite stable today, does this indicate anything? I believe there is not much room to drop and likely to have a rebound sometime this week. Anyone noes how many more holes to drill before another ann?
 
Stop_the_clock said:
Very nasty, poor investors stuck in up at around the $10 level :eek:
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They just lost 75% of their money!!

Yeeouch.. :eek:
 
There were only two trades at $10

about 20 trades at $9



how many people bought from $7.00 - $10.00 in the space of an hour before a halt was implemented -???? anyone want to guess probably not many!


most of the buying occurred the day before the big spike between $3 and $5



i don't know why my previous post was deleted???
 
stockmaster said:
"Australian Mining Investments (AUM.AU) slumps to A$2.39 then
recovers a tad, last down 10% at A$2.47 on lively trading of 2.9 million shares,
extending yesterday's 23% plunge as investors take stock again of valuations
after AUM slashed inferred resource at Rocklands project in Queensland by more
than 50%. AUM bounced from A$2.55 during Monday's downdraft after coming out of
9-day trading halt, so there appears to be some support there. AUM doing more
exploration work at project, which will provide further trading opportunities in
future as results issued. "

I believe AUM has been down for 3 days in a row, and likely to be undervalued becuase investors have been dumping share due to the release of the announcement. The existence of copper shall support the share price to rebound and gain back some loss, we might see some today, i believe the price is relatively low and a lot of bargaining left. Any thoughts?
Click to expand...


Sorry Stockmaster but AUM currently isn't even worth $1.50 per share. I laughed when you wrote on Monday that the company was undervalued at a little less than $4 and that it could see $6 again. Today it has closed at $2.28. There will be no smart money appearing for this stock at all, definitely not above $2. This stock will continue to gradually decline until such time that there is some positive news come out. A little positive news and it will rally but rest assured that it will be short lived. This company is a huge gamble. In the long run it all depends on what news is coming out but I would be far less suprised to see this company at $0.60c in 18 months time than $6. Any thoughts?
 
The other problems are the lack of honesty of the directors and the very good possiblilty of a court case.
 
sangshim said:
Remember this news on 6/7?

------------------
On the trading front, several brokers said they believed the higher spikes in the price yesterday morning were due to a shorting of the stock that had gone terribly wrong for one investor.

They believe someone on Monday shorted 900,000 AMI shares and options, obviously believing the stock's rise would be short-lived.

The price ended at $2.93 on Monday but then closed on Tuesday at $5.25, opening yesterday at $7.15 - by which time the hapless speculator would have been in very deep water, having to get their hands on the stock for settlement today. He or she then would have needed to buy at whatever the price, ending up with a potential seven-figure haircut.

-------------------

Wondering what he's doing now...
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hmmm... imagine what he's thinking NOW. had he shorted the shares and options a several days later, he would be doing very well.

i wonder if he still had funds to trade AUM after having to cover the massive margin call.
 
parmigianich said:
Sorry Stockmaster but AUM currently isn't even worth $1.50 per share. I laughed when you wrote on Monday that the company was undervalued at a little less than $4 and that it could see $6 again. Today it has closed at $2.28. There will be no smart money appearing for this stock at all, definitely not above $2. This stock will continue to gradually decline until such time that there is some positive news come out. A little positive news and it will rally but rest assured that it will be short lived. This company is a huge gamble. In the long run it all depends on what news is coming out but I would be far less suprised to see this company at $0.60c in 18 months time than $6. Any thoughts?
Click to expand...


Thank you for the opinion you forwarded, your thoughts and trends might be correct in medium term, however i still believe there is a likely trend to have a rebound after the share price went down 3 days in a row. :2twocents Also what makes you so sure of the price?
 
Knobby22 said:
The other problems are the lack of honesty of the directors and the very good possiblilty of a court case.
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i've to agree with you here and this to me is rather a more concerning issue than what the sp would be. it will definitely have a long term impact on the company. :2twocents
 
So why do you claim the directors have not behaved in an honest manner - which aspect of their behaviour leads to this conclusion?
 
There is a very fine line between dishonesty, ineptitude, negligence and ignorance.

Don't ask me where 'extrapolated resources' fit in
 
I don't know, I reckon dishonesty is very different to the other three.

Dishonesty implies an intent, thus making it a very harsh allegation to make against an individual.

If someone makes a mistake, that doesn't automatically make them dishonest. If someone is amateurish or incompetent that doesn't mean they are dishonest either.


AUM's subsequent statement about their drilling results, even after intense scrutiny by the ASX and an independant geologist, didn't really vary that greatly from the original announcement.
 
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