AUZ - Australian Mines
- Thread starter el_ninj0
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Here's the thing with AUZ - they have a producing mine and they are delivering their Ni at the spot price now (the last of their hedged nickel has been delivered)... This is still undervalued (IMHO) at circa $25m market capitalisation... Producing nickel and with very prospective exploration potential and some easily accessed Au deposits being delineated with good short-term to production profiles... I liked this over a year ago (i am in very cheap - rel. current sp...)... I am glad that it has finally got the attention it deserves (obviously the skyrocketing Ni price has helped) - unhedged, good ground (for both Ni and Au - with nascent prospects on it - and toll treating options aplenty), and (still) low market cap...
SevenFX said:Are you referring to my post Laurie, and how can you confirm this, which makes it even worse going again a bigger bank roll..... guess gotta go with them hey...
Or get out of the trade against them QUICKER
Yes I was it's possible if say you own e.g. 500,000 and then break then up into 5 x 100k lots with say .005c spread how can you confirm this ....not easy,looks though they are different buyers/sellers
cheers laurie
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My thoughts - have been eludicated further up... Oh - and wow... still holding as well... i have done pretty nicely on this (payback for losing the lot on GTM)...
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Fab said:Another 14% today. Not bad at all. Any explanation ?
Nothing that i haven`t posted before - look at their releases for the last 6-9 months (all quite good - yet no movement... was (maybe) being manipulated by a crew of daytraders - they would have been washed out by now...)... It`s just taken time for the market to come round and their resource situation seems to improving, Au proj coming on board soon, et al... go to their website - there is a PPT presentation on the coy.... If you look at the chart - there was some congestion developing and given the positive news releases (winding it up like a rubber band) it was always looking like a good chance to go for a run and it seems to have done that... well and truly...
Golden Ridge Positive News...
http://www.asx.com.au/asxpdf/20061018/pdf/3z1w9zqr476bt.pdf
http://www.asx.com.au/asxpdf/20061018/pdf/3z1w9zqr476bt.pdf
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Fab said:
Seems to have a bit of support at mid-0.07s - you have to admit it has had a stellar run of late - the breather might be a good thing... shake out the weak holders, price consolidation - priming for the (hopefully) next run... i take a long view on this stock - it has a lot going for it!!!
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Fab said:
I have posted earlier in this thread about the coy. as to why - there`s no need for me to elaborate... go to their web site as well a recent PPT pres (including peer comparison and future plans)... look at it this way Fab - i have been folowing this company for a while now (and am sitting on a several-fold profit) - market sentiment has changed and now it is being accumulated - anyone making nickel now is making a killing and these guys are making $$$ now not in 1-2 years time... Clearly some players have cottoned on to this... and it still has a quite small market cap ratio relative to its resources...
But my view and risk tolerance is going to be qualitiatively different to yours by virtue of my entry price - therefore i won`t be panicked by a few 0.001s of volatility as much (but i can see your angle - especially at 7.5)... I am just stating it from my perspective...
Good luck whatever you do...
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Halba said:
Those drill results were pretty average (didn`t do much for me either) - but that was the PIO JV... not putting much stock in that... But the drill extensions to the Blair mine 100% owned have been pretty solid (excluded from the PIO JV)... At $15USD Lbs Ni - they will be doing pretty decently they are were CF +ve last qtr and that was after hedging obligations which dragged them down (which are history now)... Their costs are in the region of $10-11AUD per Lbs (check qtlies...) and at 0.75 ex-rate a $15 Ni price comes to around $20 (as to how much they get from BHP that is open to question)... I am not going to be drawn on how much they will yank this quarter - but i beleive it will be a significant improvement on the prev. quarter given they have no hedging obligations now... My two cents...
No gaurantees anywhere Halba - but i am happy to stick with this... compared to some of the Ni miners that are doing the rounds...
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:bier: As the Romans said - #### me!!!... This run has been phenomenal - still on paper profits (i have a sell point in my mind) - sell decision is going to have to go on instinct and gut feeling... Looking at todays chart and the buy sell action over the last few days it looks like some players have been accumulating into the weakness... and then today happened... i am not a chartist but yesterdays doji star and todays long candle on insane volumes has to bode well for monday???
