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AUZ - Australian Mines

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Thank you for your comment Ang. It is great to have an accountant backing up what I have been thinking about Australian Mines. I am sure Brett Young of Australian Mines would agree with your comments. The Market is harder to predict than the share price and volume of any stock. Kind regards.
 
Pullback to the breakout point on decreased volumes, man, this is so so textbook... Just need a white candle 2mrw to confirm, or if another red day cannot close below 10.5...

Looks the goods.
 
Brett's reply to the A01C quiry:-

A01C was mined by WMC from near surface to the 1155 level - a vertical extent of some 140m. Last mining at the 1155 level was in mid 1991.
The massive sulphide in the A01C shoot varied from 2-3m wide and grades of the stopes were generally at or above 3% Ni.

There has been no mining of A01C shoot since 1991 and there is a possibility that the mineralisation intersected in AMUG202 may be a further occurrence of A01C shoot some 45m vertically below where it was last mined by WMC. Further drilling in the vicinity of the AMUG202 intersection is required to test this possibility.

Hope this answers your query.

cheers PC
 
I wander if evey Nickle investor today has been pumping their money on NIA as that has jumped 50+cent and as some other forum memebrs said before not making any money, where as AUZ has been mining and mad $6M and has new tenamnets and gone to 11 cents. What is going on in this stupid market!!!
regards
ang
 

Market sentiment i guess. Market never follows logic. Majority rules! The crowd follows NIA and the sp will go up accordingly. Which is why volume is such an important indicator if not the best. Don't worry ang, AUZ will have it's day. You just gotta be patient.
 
here she goes ...
opening very strong this morning
let s see what she can do...
this will be my first big ride I guess
very happy
 
drasicjazz said:
here she goes ...
opening very strong this morning
let s see what she can do...
this will be my first big ride I guess
very happy
Click to expand...

I am the same. I have been waiting for last 8 months for this one to jump up as for example NIA is doing and it looks like it is just doing that now. Why? I am not so sure
 
Ann just relesed, lookin good aquiring the place next door. lol. hig prospects of gold and nickle.
ready to jump now.
 
M1llion said:
Ann just relesed, lookin good aquiring the place next door. lol. hig prospects of gold and nickle.
ready to jump now.
Click to expand...

Looking good but it looks to me like there was some insider trading there as AUZ was already up in good volume before the annoucement
 
surprised no-one has posted yet - up 39 % on strong open this morning. annoucement on blair nickel mine with intersects:

AMUG 232 6578974 376845 416 81.5 89.5 8.0 8.20
96.5 100.5 4.0 10.97
AMUG 233 6578974 376845 416 29.0 32.0 3.0 1.62
84.0 85.0 1.0 2.58
AMUG 223 6578970 376852 416 82.5 86.5 4.0 10.60
AMUG 252 6578970 376852 416 102.4 108.3 5.9 4.30
 

Wow I just checked again and it is up now 47%. Could go up like NIA as I said in previous post at least AUZ is a producer not like NIA which is trading over $1.30 based on speculation and Andrew Forrest who recently joined their board
 

I was surprised also, I guess there are aselect amount of forum day traders that like to talk about their favourite stock and ramp those stock and not follow a stock like this that has all the fundementals and at last the market is valuing the stock where it should be. As I said beofore NIA is not producing and is trading over $1, hopefully we can see this one up there soon, with the amount of resourse they have.
Kind reg
ang
 

57% up and all silent Zaskar can't believe it!! I am still hanging on to these little babies.
kind regards
ang
 
Beleive it!!!

Obscene day... I am expecting tommorrow to bring more of the same if the closing auction and intraday price action is anything to go by... Not going to be drawn on a price - but she's got a definite strong upward trajectory...

Stars are aligning for AUZ - if only they hadn't gone that PIO JV... Oh well...
 
looking at NIA... mmm
could we realy expect a 1 dollar from this puppy??
i m happy to believe it althou please can somebody stop me from dreaming
and put my feet back on the ground
more than 50% in a day!!:
and what a day, the mob went total nuts
i got in at 0.11 but have no real traget of selling
...
how do i target a good price in a situation like this

anyone?
thanks
 
as i've found out painfully on many an occasion, greed can be an evil thing. let's not get too carried away.

that said, very nice rise - i've been watching these babies since they were 7 or 8 cents...i wish now i had got on back then, was lucky enough to get in at 16.5c this afternoon *just* before the 18c close - am looking for it to gap up tomorrow and it'd be nice to have clear skies after that

it IS interesting tho how AUZ is already a producer however is priced at just a few cents compared to NIA who hasn't even found anything for sure and is about $1.50... hopefully this means a big market up-rating of AUZ rather than a down-rating of NIA... I may be horribly wrong tho.
 
Hey drasc. - i will be presumptious here and guess that you are a newbie at this, and are going throught the high that you get (early on) when you crack a decent profit (if you are not you shouldn't really be positing the qn.)... All i can say is that (in my personal experience) - it is (just that) personal experience (winning and losing so to speak)... some people swear by exit prices - truth is this is an insane market and a lot of this risk management stuff if followed can lose you A LOT of potential money... case in point i bought into this in august 05 and there have been times where i regretted holding on to (even though in my mind i had very valid arguments for keeping it - but it never became a losing position)... in the last 6 months or so my views have obviously been vindicated (up over 1000%)... The one i will say - and it is the most simple rule: cut your losers and let you winners run... when you sell is a decision YOU and YOU ALONE should make...

As with regards to keeping or selling AUZ - i personally have every intention of keeping my shareholding for a while yet... you have some thinking to do kimosabi...
 

lol, the million dollar question. Just let it run and if you're not a long term holder set a tight stop a couple of cents behind the sp(and be happy with what profit you end up with, but you could leave a bit on the table this way). I personally will be giving it a bit of room and see what happens, it could run pretty hard especially as it is a producer, seems fairly undervalued to me but it's what the market thinks that matters.
Chart looks pretty good after today, massive volume, very good close, hopefully a good day tomorrow.
 

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Hey Dras,

When to get out ? Some people I know when, letsay, this stock hits 22 cents, they will sell half so that their inital investment is recouped. The theory then is you ride the stock for free come what may...

The timing of when you buy and then the sp takes off shortly thereafter is a rarity, so it depends really on if you let it all ride and it all goes horribly wrong can you withstand the loss ?

Selling half on doubling in purchase price, or whatever ratio you feel it is worthwhile to recoup you initial investment given the sudden stellar rise, is a safe and prudent decision, if you really have no feel as to where you believe this stock will end up and don't know where to get off.

//edit
This is just one point of view...to add to the many other views... good luck on your decision
 
alright ...thanks a lot guys
seems like a lot of possitive thoughts
i was able to look at the market dept for the last half hour of the day, after work and it seemed like buy frenzy

now about the stops ...
do your guys all work with conditional sell orders
never used it
i buy/sell at the end of the day when i get home from work 3:30 pm

looks like i m not only a newbee but also an amature...:run:

Cheers guys
 
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