AUZ - Australian Mines

[Ang]

Ang - I wondered about that as well -- my guess is that given the increase in share value the director has exercised his options, then transferred them into a super fund, but perhaps I wasn't paying proper attention to the announcements.

drasicjazz - the kangaroo tail pattern is where the OHLC (open-high-low-close) graph traces a low which is significantly below the close and the open for a given day - looking like a kangaroo balancing on a long tail. The inverted kangaroo tail is where the tail points up rather than down (i.e. the high is significantly higher than the open or close for that bar). Some people regard a tail as a sign of a reversal (perhaps short-term). Given the other indicators for this stock are looking positive still (i.e. I haven't firm confirmation of a downturn) I am still holding and was wondering what people thought about this.

I am still in there and and now following using a 8,21 moving average, which still looks good. I am holding, the only question i have is can anyone answer todays announcement regarding change in significant holding. It seems, correct me if i am wrong, that a Director has cahsed in 10M shares. Am i correct here??
kind regards
Angelo

 

[Ang]

Ang - I wondered about that as well -- my guess is that given the increase in share value the director has exercised his options, then transferred them into a super fund, but perhaps I wasn't paying proper attention to the announcements.

drasicjazz - the kangaroo tail pattern is where the OHLC (open-high-low-close) graph traces a low which is significantly below the close and the open for a given day - looking like a kangaroo balancing on a long tail. The inverted kangaroo tail is where the tail points up rather than down (i.e. the high is significantly higher than the open or close for that bar). Some people regard a tail as a sign of a reversal (perhaps short-term). Given the other indicators for this stock are looking positive still (i.e. I haven't firm confirmation of a downturn) I am still holding and was wondering what people thought about this.

I am still in there and and now following using a 8,21 moving average, which still looks good. I am holding, the only question i have is can anyone answer todays announcement regarding change in significant holding. It seems, correct me if i am wrong, that a Director has cahsed in 10M shares. Am i correct here??
kind regards
Angelo

 

[landlord]

I am still in there and and now following using a 8,21 moving average, which still looks good. I am holding, the only question i have is can anyone answer todays announcement regarding change in significant holding. It seems, correct me if i am wrong, that a Director has cahsed in 10M shares. Am i correct here??
kind regards
Angelo

I am still in too - though I'm getting mixed signals from my indicator bank... and it's getting pretty expensive to keep this up.

I don't think 10mill shares were sold by a director, but rather an investment company --- unless of course that is a company owned/operated by an AUZ director (Mr Santalucia). That kind of volume from a single seller would of course have a clamping affect on a stock, depending on how long they took to dispose of the shares.

(My inverse kangaroo tail suspicion is bearing up though...)

By the way, Ang, what were you basing your suggestion AUZ would reach high 20's this week on?

 

[Ang]

I am still in too - though I'm getting mixed signals from my indicator bank... and it's getting pretty expensive to keep this up.

I don't think 10mill shares were sold by a director, but rather an investment company --- unless of course that is a company owned/operated by an AUZ director (Mr Santalucia). That kind of volume from a single seller would of course have a clamping affect on a stock, depending on how long they took to dispose of the shares.

(My inverse kangaroo tail suspicion is bearing up though...)

By the way, Ang, what were you basing your suggestion AUZ would reach high 20's this week on?

I placed a graph on a previous post showing a saucer up which had the bottom of the saucer @ 4. cents and the top at 13.5 cents. This shows a depth of the saucer 9.5 cents. This will make the target 23.5 cents. I have also been looking at the market depth and that still remains more sellers than buyers and the gaph has the same feel as WMT and tha went to 45 cents. from 2.5 and a break of 10 cents.
kind reg
ang

 

[nomore4s]

Am still in this one too. But could sell half my postion depending on the next few days.

Fairly good close today after being around 17-17.5c for most of the arvo. Looks to be some support forming at 17c on the chart. Needs to respect 17c a few more times though imo. Have circled a similar day to today on the chart ie red candle with a long tail and same sort of volume pattern. Would be good to see the same thing happen that happened after that candle, lol. I'm clutching at straws I know, but its late and I'm tired, thats my excuse anyway.

 

[aaronphetamine]

Australian Mines having a pretty good day as well as AAR toay

AUZ up 1c at 18.5c currently, and waiting to crack 19c.. at 11 million trades at 11.30am. Seems to be some buyers out there trying to retest the high, reaching alot of resistance but been able to crack through a bit of it so far.

After a few days of flat action its good to see it back up there

 

[zaskar]

3 very large single buy orders are responsible for the price rise in AUZ today. dollar figures vary between $400-500k.

cheers,
james

 

[bernardp]

A ton of volume going through already this morning.... hitting 20c but retreating.... looking quite solid..

 

[Ang]

A ton of volume going through already this morning.... hitting 20c but retreating.... looking quite solid..

Looking good on a weekly Graph, came up as a deviation up today on my weekly scans, so blue skys from here guys.
kind regards
ang

 

[nomore4s]

Looking good on a weekly Graph, came up as a deviation up today on my weekly scans, so blue skys from here guys.
kind regards
ang

Not sure about this Ang, imo needs to push through and close above 20c, to be considered blue skies, hopefully it can do this in the next week or so.

 

[samfisher18]

hey guys

I was just wondering why you guys believe the price would rise much above 20 c at all, i bought at 13.5 c and i consider 20c to be good value or even a bit overpriced.

Maybe you guys are expecting a good financial ?

Sorry for my ignorance but i just dont understand how it could keep on rising above 20c until some ann

Cheers

 

[Ang]

hey guys

I was just wondering why you guys believe the price would rise much above 20 c at all, i bought at 13.5 c and i consider 20c to be good value or even a bit overpriced.

Maybe you guys are expecting a good financial ?

Sorry for my ignorance but i just dont understand how it could keep on rising above 20c until some ann

Cheers

How do you work out that 20 cents is overpriced?
The reason why I consider this stock as being under priced is that it makes over $10M pa as a Producer of Nickel whn there are other stock like NIA is $1.40 with no production and still exploring. The other thing is looking at the volume that has been bought between 17cents and 21 cents, represents the total of 456M shares on issue. So most shareholders that are now holding have purchased in the high teens or low twenties. People just do not buy these type of quantities without knowing something. I have asked on previouse occasions if anyone had a book value of AUZ, however no one could provide the detail. Have you a valuation?
kind reg
ang

 

[miiine]

You have a very valid point Ang, that AUZ seems very under-priced compared to NIA or even WMT (I hold both AUZ and WMT). Being a producer (although really very small, relatively speaking), is an advantage - but IMHO what we shareholders need is a resource upgrade or significant find - that'll get the share price really working.

NIA shot up on the anticipation of future results - hopefully AUZ will do the same.

 

[Ang]

You have a very valid point Ang, that AUZ seems very under-priced compared to NIA or even WMT (I hold both AUZ and WMT). Being a producer (although really very small, relatively speaking), is an advantage - but IMHO what we shareholders need is a resource upgrade or significant find - that'll get the share price really working.

NIA shot up on the anticipation of future results - hopefully AUZ will do the same.

I feel those buying on antisipation and gut feel are gamblers rather than investors.You make a great comparison with WMT even though WMT is a Uranium explorer it also shot up many moths ago from 11 cents to 20 cents and it also traded it's entire isued capital in one week to consolidate between 9 cents ant 17 cents, however once it broke 17 cents to 19 cents it went to 32 cents. Great trade it later went to 45 cents to now consolidate at 31 cents. AUZ has some of the same trading paterns as WMT,
kind regards
ang

 

[samfisher18]

hey ang

I was just looking at the P/E, i know its not the flashiest way to evaluate a stock but when i bought its was around 8 and at 20c it'd be around 12.
Thats what i based my comment on. I am relatively new to this, and i only wanted to get opinion on why you guys thought it would go higher than 20c. But i see your point and i guess it is in my best interest as well that it goes higher as i still hold. I just thought it would take time like getting a feasibility study from bounty or exploration results from Lake Yindarlgooda or a good financial at the end of june( which would kinda be expected given the price of nickel) or other such developments would be cause for a reevaluation of the stock.

As for gambling when i bought this stock it wasnt a gamble at all, it was bought on solid fundamentals, i actually wanted to buy at 11.5 but couldnt so had to buy at 13.5.

I am relatively new to this, but i still want to ask questions, because imho thats the best way to learn

Cheers

 

[nizar]

You have a very valid point Ang, that AUZ seems very under-priced compared to NIA or even WMT (I hold both AUZ and WMT). Being a producer (although really very small, relatively speaking), is an advantage - but IMHO what we shareholders need is a resource upgrade or significant find - that'll get the share price really working.

NIA shot up on the anticipation of future results - hopefully AUZ will do the same.

NIA shot up because Andrew Forrest bought a s&*tload of shares and as a result of that got a position on the board.

A mate of mine got a call from his broker (Citigroup) the day before at 25c.

Isnt that sweet if a share goes up BECAUSE you bought in.

Those guys dont lose money.

Now i understand why Gekko said that he doesn't throw darts, he bets on sure things.

You know another thing he said, if your not on the inside, your on the outside

Sorry guys for the offtopic.

 

[nizar]

I feel those buying on antisipation and gut feel are gamblers rather than investors.You make a great comparison with WMT even though WMT is a Uranium explorer it also shot up many moths ago from 11 cents to 20 cents and it also traded it's entire isued capital in one week to consolidate between 9 cents ant 17 cents, however once it broke 17 cents to 19 cents it went to 32 cents. Great trade it later went to 45 cents to now consolidate at 31 cents. AUZ has some of the same trading paterns as WMT,
kind regards
ang

Actually my first entry in WMT was 6cents in November.
Im too embarrassed to tell you where i sold it

 

[Mousie]

Actually my first entry in WMT was 6cents in November.
Im too embarrassed to tell you where i sold it

If only I knew about WMT @6c, and if only your invested money was mine.

If only, if only, if only...................

Boy would my %age gain be so much handsomer...

 

[drasicjazz]

auz isn't feeling so good these days
anyone with some wise words?
or even a chart?
i was seeing a decrease in selling volume and i thought that today
would be a good day for a fliparound
but there are now 5 000 000 + shares on offer at .175
seems like a lot to me

anyway
maybe a few words to all the sellers...
why not sell at .20
i prommise it would be better for all of us...:

 

[bernardp]

The market was down 79 points and the stock at close did not go up nor down... what on earth more do you want?

The depth is still there, it's a mid to long term hold for most... but as always, your money your decisions...