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AUM - Australian Mining Investments

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Finally,

Indophil has 846mt @ 0.73% Cu and 0.29% Au ! (Measured, Indicated and Inferred)


Pre feasibility coming soon

That is 6,200,000 tonnes of copper and 2,400,000 tonnes of gold

That is over three times AUM's 'targets'

Market Cap - $270 million


The same as AUM (before the options dilute the current holders by 50%)
 
BSD,

It was good to see you provide a comparative view.

The exuberance of the last couple of weeks, including the recent Australian article speading the news to the masses on AUM, may run a little longer.

We saw, in AUM terms, a substantial increase in share volume yesterday, so will be interesting to see how this continues over the next few days.

An other event that may dilute the shares further, besides options, is if AUM undertakes any capital raising by issuing additional shares.

Wouldn't expect to see people look at this from a more balanced perspective until this early excitement/exuberance settles down.

As an aside.

It looks like AUM may be setup for another gap open.

The options increase by 112% yesterday and the larger parcels are appearing in the course of sales there rather than on the underlying.

The share turnover as of EOD yesterday is now 192.1%, so there is certainly some churning of the shares going on.

The market depth line up at the moment (1st 10 levels) on the buyers side is from $5.80 up to $7.50 and on the selllers side from $5.15 up to $5.80.
 
Is this real????
They havent start production yet..
but the price............ ???????????????????
 
A high of $10.00 all in a matter of 30 min, absolute madness !!!! Absolute congrat's to the smart early players!! And sucko to these last top buyers.
Capt
 
I haven't been on AUM, but got in for a quick bite of the cherry this morning. :)

Couldn't get in until $8.20 (just moving so damn fast), and had my finger on an at-market sell from that moment onwards. Slipped out at $9.40 and $9.38 on the way down.

Only bought 1000 shares - didn't want to get caught out too badly if HSBC went down again (as it was for the first few minutes after opening) - but that netted me a profit of about $1140 for a few minutes work. :)

Can't complain about that.

Cheers,
GP
 
Good to see that people are doing ok.

After the pick last month I'm the hero of the office at the moment, especially when it hit $10. We have been following it's behaviour and journey along the way.

Looks like the herd has caught up with this one, so it will be interesting to see just how crazy the price can get.

Better than the ASX game and one (BIG 1) up for the TAs at the moment, sorry couldn't resist.

Cheers.
 
GreatPig said:
I haven't been on AUM, but got in for a quick bite of the cherry this morning. :)

Couldn't get in until $8.20 (just moving so damn fast), and had my finger on an at-market sell from that moment onwards. Slipped out at $9.40 and $9.38 on the way down.

Only bought 1000 shares - didn't want to get caught out too badly if HSBC went down again (as it was for the first few minutes after opening) - but that netted me a profit of about $1140 for a few minutes work. :)

Can't complain about that.

Cheers,
GP
Click to expand...

hehe nice

do u think it will go higher than it is now tomrrow?

thx

MS
 
Is it me or ETrade....but there seems to be a halt in trading.... :confused:

Ahhh...just saw the trading halt!

Good news please...good news.... :p:
 
GreatPig said:
had my finger on an at-market sell from that moment onwards. Slipped out at $9.40 and $9.38 on the way down.
Click to expand...

I watched it reverse from $10.00 and hit sell on 3/4 of my holding (7500) at 9.80 (same story - had the at-market order ready to go) - by the time it processed the price I got was $9.05 - was watching it saying 'processing order' as the price dropped. :banghead:

Still happy - got in at only $3.50 on yesterdays open. Sold the other 1/4 at $7.50 as it continued down.

Notice its in pre-open at the moment another news item coming out - hope its not too good now that I've liquidated.
 
speeding ticket issued by ASX. about time.
Trading Halt til Friday.
i bought in at 8.40, small tranch.

not feeling the best at the moment. :banghead:
good news from anyone pleease. : :eek:
 
ALFguy said:
Is it me or ETrade....but there seems to be a halt in trading.... :confused:

Ahhh...just saw the trading halt!

Good news please...good news.... :p:
Click to expand...

Trading halt indeed.

I've been refusing myself to trade this stock since the beginning, I didn't understand why it was going up like a rocket... I've read a few advices in books saying don't trade when you are not sure, when you don't understand. But today I decided to dip in since the demand was there, as usual, got in at 8.00 out at 9.80 just before the big drop.. in fact my stop loss has been hit in the drop that's more the real story ;)

Hope the news are good. Have you guys ever seen a stock going so high so fast ?
 
Could be a speeding ticket, but that would just give AUM an excuse to detail just what they have!

OR..could be more results showing how much 'more' they have.

Who knows with this one, but I suspect there will be a great deal of buyers lining up now 'just in case'.
 
DOC said:
speeding ticket issued by ASX. about time.
Trading Halt til Friday.
i bought in at 8.40, small tranch.

not feeling the best at the moment. :banghead:
good news from anyone pleease. : :eek:
Click to expand...

The company actually requested the trading halt according to the announcement. Hence, this is not a speeding ticket.

Additional announcements were expected to come out this month and next month.

We will now need to wait and see.
 
srivest said:
Trading halt indeed.

I've been refusing myself to trade this stock since the beginning, I didn't understand why it was going up like a rocket... I've read a few advices in books saying don't trade when you are not sure, when you don't understand. But today I decided to dip in since the demand was there, as usual, got in at 8.00 out at 9.80 just before the big drop.. in fact my stop loss has been hit in the drop that's more the real story ;)

Hope the news are good. Have you guys ever seen a stock going so high so fast ?
Click to expand...

Well, I certainly hope it is good news.. I wonder what the announcement will bring.... fingers crossed for good news!
 
srivest said:
Trading halt indeed.

I've been refusing myself to trade this stock since the beginning, I didn't understand why it was going up like a rocket... I've read a few advices in books saying don't trade when you are not sure, when you don't understand. But today I decided to dip in since the demand was there, as usual, got in at 8.00 out at 9.80 just before the big drop.. in fact my stop loss has been hit in the drop that's more the real story ;)

Hope the news are good. Have you guys ever seen a stock going so high so fast ?
Click to expand...


Poseidon NL rose from 80 cents to $280 from Sept 1969 to Feb 1970.
 
noirua said:
Poseidon NL rose from 80 cents to $280 from Sept 1969 to Feb 1970.
Click to expand...

Beat me to it noirua, this is the only major one that I recall that has had,such a meteoric rise in a short timeframe. Others have been over longer timeframes, but none has ever matched Poseidon.
 
anyone have ideas as to what the announcement might be about? Possible take-over?
 
DOC said:
speeding ticket issued by ASX. about time.
Trading Halt til Friday.
i bought in at 8.40, small tranch.

not feeling the best at the moment. :banghead:
good news from anyone pleease. : :eek:
Click to expand...

Why would there be a speeding ticket? all major news/rumours out already,

thx

MS
 
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