AUZ - Australian Mines

[drasicjazz]

yes ang ...
i got a comment
and goes like this...
:jump:
no value i know
but hey what the heck
i m pretty pleased with this
looks like my tvr sagaris is just around the corner

 

[nomore4s]

Last 2 days have seen a bit of weakness in AUZ, with closes near or on the low for the day. Todays close wasn't very good at all, sold back down to 19c. Needs to hold above 18.5c tomorrow imo, as it looks to have some support there. Have also circled the last time AUZ had 2 down days in a row close on the low for the day, but the volume wasn't as high as yesterday & today. Which is a bit of a worrying sign,as there was still some demand with prices rising early in the day but plenty of sellers coming in later, with the sellers coming out well on top.

Also the white trend line might be a more realistic trend line then the red trend line, but of course I'm hoping for the red trend line to continue.

Will sell half my postion if it breaks 18.5c tomorrow with a close at the low, and my stop for the rest is now a break through the white trend line.

Good luck to all.

 

[Ang]

Last 2 days have seen a bit of weakness in AUZ, with closes near or on the low for the day. Todays close wasn't very good at all, sold back down to 19c. Needs to hold above 18.5c tomorrow imo, as it looks to have some support there. Have also circled the last time AUZ had 2 down days in a row close on the low for the day, but the volume wasn't as high as yesterday & today. Which is a bit of a worrying sign,as there was still some demand with prices rising early in the day but plenty of sellers coming in later, with the sellers coming out well on top.

Also the white trend line might be a more realistic trend line then the red trend line, but of course I'm hoping for the red trend line to continue.

Will sell half my postion if it breaks 18.5c tomorrow with a close at the low, and my stop for the rest is now a break through the white trend line.

Good luck to all.

Don't panic yet lat time it had two down days as in green on attached graph it spicked up. This stock is a seriouse miner now as it is following the Nickle price overnight. Have a look at the Nickle price on Bloomberg in the morning and that will tell you what AUZ will do tommorow. It seems that Nickle is taking a beating over seas due to slowing in demand. The price went down 1850/ tonne ovenight.
kind reg
ang

 

[nomore4s]

Don't panic yet lat time it had two down days as in green on attached graph it spicked up. This stock is a seriouse miner now as it is following the Nickle price overnight. Have a look at the Nickle price on Bloomberg in the morning and that will tell you what AUZ will do tommorow. It seems that Nickle is taking a beating over seas due to slowing in demand. The price went down 1850/ tonne ovenight.
kind reg
ang

lol, thanks Ang, don't worry I'm not in a panic. I realise the last time it had those two down days it spiked, that's why I highlighted it.
I will be pretty much free held if I sell half my position at 18.5c thats all, just protecting profits and will still have enough left to enjoy any further runs this has. Just sticking to my exit plan.

 

[drasicjazz]

no glory day here for auz
but with the nickel falling nearly 7pct overnight
$2,800 to $37,600/T
i didn't expect a good run

now lets hope the market recovers a bit tonight,
only then i can see we will get auz over the 20c again
i can see some weakness on the seller site below 20c and lower 20c
similar jump happent on 14/06

i ll do my pray tonight before bedtime...

 

[aaronphetamine]

I jumped off AUZ at 21c the other day, im looking to buy another bunch of shares when / if the price drops back to down around 17.5-18c and then put a sell order again at around 21c.

I was kind of glad to sell out at 21c. Id seen AUZ reach the 20c mark a few times and then fall back down, i know the nickel prices arent helping it much either. I suppose it has run pretty hard since early may though. I wish id jumped on right back then. cest la vie.

I wasnt at al surprised when AUZ hit 23c and then fell back to 20c and then to under 20c.. Its been a bit sideways the last few weeks.

Good to see the faithful still holding though, no doubt youll be in for good rewards just prolly not this week aye

 

[Ang]

Well this would have made my target price of 28 cents today if the Nickle price didn't come down again last night. I sold 1/3 this morning on the open thinking the price of Nickle is going to bring this baby down today, then 5 minutes later the announcment and she flew to 21.5 cents, where i sold another 1/3. I will keep the balance if the price of Nickle recovers as if Nickle was to sit above $40,000/tonne i would say Auz should go to 28 cents, however while it has hit the lower lows last night of 36,000/ tonne I might be waiting for a while.
Kind regards
Ang

 

[drasicjazz]

does any one know if we can expect an ann other than nickle
or are we done?....
is it usefull to remain in auz for an other year?
or can we claim that with the nickle price on the way back that we have
seen the best of it?

if there are long termers here
could you tell me why
thanks a lot
still holding... a lot...

 

[nomore4s]

Unfortunately the short term is not looking good for AUZ with the price of nickel copping a hiding lately, it's starting to catch up with AUZ. Today looked promising with the ann but it got sold down to pretty much end at its low for the day. Meaning the last 3 days it has ended at its low for the day with good vol too not a good sign.

 

[Ang]

Early signs tonight from overseas Nickle currently trading in London at $38,705/tonne. Looks like AUZ may stay up there for a while yet!!
These comments from overseas analysts:

"STOCKS & SPREADS - Nickel - Weak, but some sign of tightness/buying returning"


kind reg
ang

 

[drasicjazz]

ang do you have access to the actual article
i assume you are looking at ''base metals LME''
i had a peek earlyer on but
asthey say when you(me) click on it
...Sorry, you do not have the correct subscription level to view this item
bummer....

 

[daaussie]

AUZ has good support at 17, my opinion is time to buy in. Wait for the next announcement to come in, may send it up to 25 cents or more.

 

[Ang]

ang do you have access to the actual article
i assume you are looking at ''base metals LME''
i had a peek earlyer on but
asthey say when you(me) click on it
...Sorry, you do not have the correct subscription level to view this item
bummer....

Sorry I didn't see the post before, however you can only see a sneek preview of the article need to register and pay to get full view. If you have foxtel, watch the morning or evening and on the right hand side it gives you the metal spot prices. You need to wait as they go through commodity prices, metal prices exchange rates and meta prices. Nickel still going down so AUZ following the price. It now has a 16.5 cents support due to Nickel going down again last night.
kind reg
ang

 

[bulldog07]

Hi All,

Can anyone briefly explain what things there are to look forward with AUZ, i.e announcements and events?

Cheers.

 

[vert]

is anyone watching this? i have seen an order of 550k jumping on and off the buy side just under current sp since it turned and started to run from 0.165, is this a little suss? is someone trying to force the sp up a bit to say 0.20 to get the sell completed? if they really wanted this they could have had it at 0.175

 

[Ang]

is anyone watching this? i have seen an order of 550k jumping on and off the buy side just under current sp since it turned and started to run from 0.165, is this a little suss? is someone trying to force the sp up a bit to say 0.20 to get the sell completed? if they really wanted this they could have had it at 0.175

report is due soon and should be a good profit for the year so could be some movement today regarding that.
Kind regards
ang

 

[Fab]

Here is another interesting annoucement today stating " Impressive drilling results". Can anyone explain what is so impressive about it as I am not a resource expert

 

[jovis]

New trader here. I held onto AUZ waiting for their report, expecting the price to bounce. It didn't. Nickel continues to get smashed. Basically i was wondering if anyone can see an upside for AUZ in the short/near term. I do like this stock, but its starting to hurt.

I bought in at 8, 12 and 16 on its rise into the twenties. If i sell all now i just break even.


Jovis.

 

[s3081402]

New trader here. I held onto AUZ waiting for their report, expecting the price to bounce. It didn't. Nickel continues to get smashed. Basically i was wondering if anyone can see an upside for AUZ in the short/near term. I do like this stock, but its starting to hurt.

I bought in at 8, 12 and 16 on its rise into the twenties. If i sell all now i just break even.


Jovis.

These small price stock you should sell it when they double your money. You bought them at 8 and didn't sell when they reach 20. Since this share is not going anywhere for a while why don't you sell it and buy another one. At least you not losing anything.

 

[jovis]

I've made expensive mistakes with AUZ. I consider it all part of my crash course in share trading. But currently it hasn't cost me anything beyond a bit of stress and irrational emotional investment - which i am also learning from. Slowly.


jovis.