AUZ - Australian Mines

[Ang]

Corrections the auction after 3.30PM took the close too 12.5 cents with 18.6M buyers and only 12M sellers at the close. Should open above 12.5 cents tomorrow and the depth of the Darvas box shows a 5 cent margin to 16.5 cents. However if it did reach 16.5 cents it would have broke the ALL TIME high of 14.6 cents and could be a saucer up. Using the Saucer depth there is a possible target of 27 cents. Will be very interesting tomorrow. See attached graph.
reg
ang

 

[svensk]

Volume at the end of trade was fantastic. Hoping for a higher open tomorrow.

Nice chart Ang, hope your prediction comes true

 

[Ang]

Volume at the end of trade was fantastic. Hoping for a higher open tomorrow.

Nice chart Ang, hope your prediction comes true

Excellent On balance volume 25M buyers 15M sellers, should open at 13 cents.
kind regards
ang

 

[Sodapop]

About ####ing time this happened... Honestly - i think there's significant ether ahead of us... Looking at some of the companies that are nowhere but still trading on multiples - I wish Twiggy had gotten on board these guys - look at NIA $200m MC and what do they have???

Oh well... good things come to those who wait...

 

[Ang]

About ####ing time this happened... Honestly - i think there's significant ether ahead of us... Looking at some of the companies that are nowhere but still trading on multiples - I wish Twiggy had gotten on board these guys - look at NIA $200m MC and what do they have???

Oh well... good things come to those who wait...

My market depth calc was correct opened 13cents, high of 13.5cents. Hope the bloody day traders don't profit out too much today. I am expecting a good day on this one otherwise.
kind reg
ang

 

[Sodapop]

My market depth calc was correct opened 13cents, high of 13.5cents. Hope the bloody day traders don't profit out too much today. I am expecting a good day on this one otherwise.
kind reg
ang

I think a lot of them are being washed out in the strong break above 10cents... 3 more cents and she's my first 10-bagger...

 

[zaskar]

Not trying to dampen the mood or anything, but saw a couple of larger sell orders earlier this morning. Be careful ASFers.

 

[Ang]

Not trying to dampen the mood or anything, but saw a couple of larger sell orders earlier this morning. Be careful ASFers.

And for those large sellers there were large buyers buying the share between 13 and 13.5, so what has that got to do with the share price???
kind reg
ang

 

[zaskar]

And for those large sellers there were large buyers buying the share between 13 and 13.5, so what has that got to do with the share price???
kind reg
ang

only that today's share price remained steady due to a large number of smaller buyers and a few larger sellers. if you accept that people with $400k spare to throw at a small miner GENERALLY know more than the smaller buyers, you'd say caution was probably a good way to proceed.

 

[Fab]

only that today's share price remained steady due to a large number of smaller buyers and a few larger sellers. if you accept that people with $400k spare to throw at a small miner GENERALLY know more than the smaller buyers, you'd say caution was probably a good way to proceed.

Or maybe it is a CFD trader trying to make a quick buck based on charting. Big order do not always mean that they know what they are doing

 

[Ang]

Every body still hanging in there, it seems the way the trades have been going in the past few days there is some profit taking happening. It reads like another WMT where the price retraced for 2 and 3 day and then started on it's merry way to 20 cents and eventually to 46 cents. I just have the same feeling looking at the price and volume movemnt AUZ is acting in the same manner.
Kind regards
Ang

 

[paperclip]

there was a bit of share price action around this area a year or two ago. we may well hover in this range ( .11cents would be a 60% fib retrace ) for some time. LT holder that i am, i feel quite comfy with that and am very confident that this company's share price will move to much higher levels given a one to two years time frame. infact i believe the share price will be many multiples than what it is today.
Only my opinion thou!

cheers PC

 

[hitmanlam]

Yes, i believe it will be a multiple too...........long term. Short term, it could do anything.

My thinking is that it will bounce of support at 10 -10.5c before it starts its next leg up. I remember when WMT first broke resistance @ 10c to 13c ish. The next day saw a fall of 30%! It then gathered momentum again to run to where it is today. You see it with alot to stocks. Breaks resistance, resistance become support, bounces and then BOOM, it flies!

My opinion, will bounce of support before is goes for its next run. Already hold some & will top up if it ever reaches 10c. I am a firm believer in the long term future of this stock.

 

[HOT STOCKS]

Yes, I agree that AUZ may go multiple, possibly over the next two months, May/June 2007. Looking at the charts of AUZ from September/October 2006, price, volume, MACD, EMA and Divergence together with the many company announcements all appear to have led to share price multiples within those two months. The following six months laid a solid foundation with which to build the recent share price increase. The smart money may start to buy up big within a week or two as the share price takes a short rest between 0.110 and 0.135 cents before the share price jumps again, maybe getting ready to run up to $0.27 cents over the next two months.
High nickel prices and global supply shortages combined with the new Location 45 tenement acquisition possibly holding high grades of gold and nickel totalling 86 km squared:
“The additional land holding will almost double our current tenement position within this world class nickel region.”
“This acquisition continues Australian Mines’ strategy of acquiring tenements which host advanced nickel resources and advanced exploration prospects. The acquisition follows in the footsteps of the Marriott’s acquisition last October, and positions the Company well to grow production into the future,”
Quotes from Australia Mines’ Chief Operating Officer, Brett Young.
ASX Announcement 3 May 2007
That is good enough for me. How soon can we see the high-grade drill reports?
A point of interest: BLAIR Nickel Mine and Location 45, south of Kalgoorlie, W.A. can be viewed on Google Earth at:
Longitude: E121.71669
Latitude: S30.910614
Always do your own research. Kind regards.

 

[HOT STOCKS]

Hot off the press, so to speak!
I just had a very interesting conversation with Brett Young - Executive Director / Chief Operations Officer / Company Secretary of Australian Mines Limited AUZ.

“The L Shoot is continuing on from the A shoot” (Sounds great to me.)
Brett mentioned how Australian Mines had good cash flow.
More information is available complete with diagram on the company website at: http://www.australianmines.com.au/diamond_drilling_update.93.html

I asked, “Is there going to be any exciting announcements coming out on the Australian Stock Exchange in regard to Australian mines?” Brett Young said that an announcement might be released within two weeks.

Then hoping for some really interesting information I asked Brett Young a final question, “As an investor, is there anything else that you can tell me?
Brett Young said, “If you can hang in for 6 months the share price should be over 20 cents” I said, “Okay, that is kind of what I was thinking.”

Then I thanked Brett Young for his time and hung up.

I hope someone finds this interesting. Kind regards.

 

[paperclip]

well that all sounds very good HOTSTOCKS. i might give that post a little cut and paste for some other interested parties else where if thats okay? i tend to believe what you've stated above to be true and correct as i've talked with BY before and found him a very nice guy willing to give as much info as he can without breaking the rules.

cheers PC

 

[HOT STOCKS]

Thank you paperclip. I am glad to be at your service. Any information that I post can be used by anyone who thinks it may be useful in promoting Australian Mines.
Kind regards.

 

[paperclip]

I have since emailed B Young to try and find out what sort of area A01C was: re: percentage and width wise, to get a handle on what they may be working there way back up into!
Alls well in AUZ by the looks........happy to hold.

cheers PC

 

[HOT STOCKS]

Good work paperclip. I would be very interested to know if you find out any useful information in regard to the A01C Shoot.

I would like to know how much high-grade nickel is contained within the mineralisation possibly to continue under Area 57 that is truncated by a local fault. Drilling continues so as to interpret and fully understand if there are any repetitions of Area 57 at depth. My feeling is that there will be enough extra nickel found to extend the life of the Blair mine and generate more cash flow.

In regard to the L Shoot and Area 57 at depth, if there is an announcement similar to the one below on the 6th September 2006,
I would expect a significant share price increase to follow:
“Nickel resources increased by 45% at Blair Mine, WA”
http://www.australianmines.com.au/nickel_resoureces_increase_by_45.79.html

Kind regards.

 

[Ang]

Thanks guys for your reasearch, me being the accountant and looking at the balance sheet and so on matches with what you are all saying. I just hope the Market see it that way in the next few weeks or months.
kind regards
ang