AUZ - Australian Mines

Sodapop said:

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...

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Fab said:

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

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nizar said:

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.

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nomore4s said:

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.

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Fab said:

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

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zaskar said:

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

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Fab said:

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

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zaskar said:

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

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Fab said:

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.

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Sodapop said:

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...

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