AUZ - Australian Mines
- Thread starter el_ninj0
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AUZ is now nicely primed to break above the 95c ceiling and actually touched a solid 97c today, if it breaks up tomoro then you would have to say it's all "Blue Sky" from there. I think the huge nickle prices are finally starting to force this low flyer up into the markets radar........picked this one in the Feb Stock Tipping Comp. Two days left in the month........to late me thinks....but happy to be holding 
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suprised this stock didnt get a mention today?
Hit 10c albeit briefly which i thought was significant, even tho the test failed and the strong open at 9.9c saw many day traders dump as it eased back , i think that this is only very temporary (note here i am skewed by the fact i bought in at the wrong side of 9.5c!!!!!!). Neverless i am confident auz will break 10c as its been a long time in the making and nickel prices continue upwards.
Hit 10c albeit briefly which i thought was significant, even tho the test failed and the strong open at 9.9c saw many day traders dump as it eased back , i think that this is only very temporary (note here i am skewed by the fact i bought in at the wrong side of 9.5c!!!!!!). Neverless i am confident auz will break 10c as its been a long time in the making and nickel prices continue upwards.
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Yes - think this could be one of the stocks to watch this year in the small-cap resources sector... I am more than happy to wait - and see my expectations fulfilled (and if not it was always a fun ride...)... These guys have got so much going for them... except market sentiment (it would seem)... There are so many near term positive price drivers (that actually have real $$$ implications for the quarterlies - remember that!!!) in this stock (Blair Mine Extenstions, Golden Ridge Tenements (Ni - JV and Au 100%), Marriots, Ni Price (unhedged))... This could end up being one of those "i knew i shoulda got in but didn't and look at it now"... Like the Ox was for me about 6 years ago ("I knew i shoulda got in and look at it now")... Good luck to holders - if it's any consolation there's a 7 figure FPO holder (i got in when it was still pretty touch and go about 1 1/2 years ago) here who wont be liquidating into the market yet...
UMike
Klutzing in Thai
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It's been very quiet.
Got Knocked on the first day of the correction but failed to make much ground back since.
Got Knocked on the first day of the correction but failed to make much ground back since.
UMike
Klutzing in Thai
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There is heaps of support but there are no buyers willing to go up the price ladder.
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Spent some time, and followed a few leads,try to find the reason behind the sharply rising SP.
Maybe it is caused by the Interim Financial Report. The half year profit is 1.27c per share, make AUZ' PE like crazy 3. (2.54c adjusted for full year, and 7.4c SP)
I can hardly find any company with such low PE.
Of course, the higher nickel price save the day to offset the rising production cost.
Maybe it is caused by the Interim Financial Report. The half year profit is 1.27c per share, make AUZ' PE like crazy 3. (2.54c adjusted for full year, and 7.4c SP)
I can hardly find any company with such low PE.
Of course, the higher nickel price save the day to offset the rising production cost.
What would that be ?
From a T/A point of view, looks promising. Been in a channel since about Nov last year, looks to be forming an ascending triangle with some resistance at 9c but imo would need to break above 9.5c with good vol (40mil+) a break above 10c would be better obviously, could then get a real run on. I have been watching for awhile, but don't own any yet.
Good luck to all holders. Hope it runs soon
Good luck to all holders. Hope it runs soon
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There are so many similarities between this stock and aex in the way its traded. They must be daytrader specials because as soon as a couple of lines are taken out, every man, woman and child jumps on it and takes it for a spin. The merry go round ends and then it slides back to wait for another go!
