AUZ - Australian Mines

[Dutchy3]

Sometimes this happens and sometimes I have a bucket full. I tipped this one months ago and even took positions (the little red lines) I then decided that the grass was greener elsewhere ... so I left 270% on the table in 3 months ... so 1090% annualised.

No bucket this time .... all the best for those that have. Don't go short changing yourself either this thing has traded at 27 in the past.

 

[clowboy]

It's scary.

Holding quite a nice profit on this one and am scared of seeing it retrace and take it all back.

28cps would be so nice ........... I'd smile for at least a day

 

[Sodapop]

As i type this the LME Ni is $15.99 (Bid)... If it closes anywhere near this i think AUZ is going to give 0.10 a good shake come monday morning... and thereafter we will see what happens... yeah - at 0.28c i could afford a smile at least... Given that (28c) happened in the days when there were only around 100m pieces of paper it will be difficult - but the Ni price wasn't at $16USD then (more like $3-4)... This is a perfect example of having patience in your stocks (research and informed hunches) - in spite of what the market is telling you - i started accing. this over a year ago and now look at it...

 

[Sodapop]

AUZ quarterly report should be coming out this week or early next... might determine the next stage of the run... the cashflow report should be a big improvement on previous months - if its not then run for the hills - but looking at the chart the market has priced in a pretty positive result already (or the market already knows )... a few weeks back they stated that extensional drilling of the 100% owned Blair Mine assays (three i think) should be announced in the next quarterly... and the Woodline Deposit development decis. should be being made very shortly... All in all it should have (imho) a pretty price-sensitive effect on AUZ's stock price - and let's be honest quarterlies usually are yawners...

 

[SevenFX]

Looks like it didn't close at $16USD, but finished at $15.78USD which I guess is still good....

You must have made a squillion on this one "Sodapop" as you seem to have followed it for some time, and only wish I did... oh well, there's still more 2 run....

 

[Sodapop]

Looks like it didn't close at $16USD, but finished at $15.78USD which I guess is still good....

You must have made a squillion on this one "Sodapop" as you seem to have followed it for some time, and only wish I did... oh well, there's still more 2 run....

Still only "paper" profits... the whole "cut your losers and let your winners run" axiom sounds good in theory but - but when you are faced with actually executing on it it is more suspect... especially when my AUZ holdings were seriously (at times - in spite of my convictions) in danger of falling victim to the first half of the axiom... as i said earlier - market sentiment is a fickle thing...

 

[SevenFX]

Starting to look interesting... Ni producer with some good ground under it's control... Greenfield Au discovery that has piqued some market interest and a funded Ni exploration programme with Pio - all things considered a pretty decent place to be especially with the Ni price continuing to perform well... and $Au weakness...

Wow....You posted the above back in March, and along with Dutchy3 were bullish back then....but I also admire you for your dis paper trading b4 actually taking the plunge....

How long b4 you start actually trading ...?????

EDIT: Do you know where I find the world's reserves of any metals...to indicate where it's going.

 

[Sodapop]

Oh no... i own the stuff... just haven't crystallized the profits yet...

 

[JoshyJ]

It looks to have support for another run tommorrow? anyone agree?

 

[SevenFX]

Can't beleive all the buyers that didn't buy early and still want to buy somewhere near the TOP, despite all the strong resistance....

 

[SevenFX]

This stock has had little retracement today, and doesn't seem to be slowing down, other than for LUNCH...

Alll hope there's many ASF members enjoying the 27% UP day.

Thoughts on where it will go today and for the rest of the week...despite having no news again still pulls 83 Million so far.

Thanks
SevenFX

 

[SevenFX]

HUGE 100 Million Volumes makes them all run, but they're retreating again...

 

[Fab]

Wow another 20 something % today. Is this one going to run like PDN. Hopefully yes as I bought more today. What is so attractive about this stock ???

 

[Fab]

So where is this one going tomorrow

 

[Sodapop]

So where is this one going tomorrow

Aren't you glad you held on to this FAB (or i hope you did)... It is starting to get pretty heavily priced - (up around $45m MC - but who knows what its real value is???)... but take the profits (or at least revel in the upswing) and ask questions later - this is in part a re-rate (and something more - of which i am not quite sure)... There is a lot of resistance in the low teens (a lot of sells - which might be gone at open...) but if there is another savage break (to the upside) tommorrow at open like there was this morning and two days last week we could see an even bigger % gain than today...

 

[lesm]

Have attached a couple of charts that shows how the activity panned out today.

Cheers.

 

[Fab]

My problem is that I bought some more at 0.11 yesterday and noticed afterward the strong resistance around the 0.10 - 0.11. I got a bit carried away so I hope it will go much higher

 

[SevenFX]

There seems to be strong selling preasure from 10.5 all the way to 13 (maybe lucky 4 some)

Also the total volume of sellers vs buyers are reversing where it's held 3 to 1 ratio, and now holds around 3 to 2 ratio... as the sellers reveal their positions....

IMO....this may end up driving it down just in the short term(possibly just today or this morning), but with the xjo set to have stong day and nickel up a touch, it will be hard to keep this down.....IMO seems good hold in the mid - long term.

Off course some immerent good news will push through all that and the resistance today will evoropate quickly.

I am not qualified to advise...so make your own dicissions.

 

[Sodapop]

I think a lot of those sells will get yanked pre-open, it has been happeninig throughout this run and i see no reason for it to stop, also the volumes of sell orders mean it is easier for big accumulators to get their wedges with ease... I am just going on gut feeling here (at this stage it is unscientific) - this head of steam has a bit to go yet - the 10c barrier was significant for the next stage of the price appreciation (new buyers will be piling in esp. now with the minumum tick being 0.005+/-)... Like i said this has had some amazing breaks at open - each time "surely it can't happen again" - and it does... who the #### am i to disagree with the market...

 

[silkyoak]

In at 8.4 on friday reckon it will be 20 to 25c by the end of November.

Approximately 670 million shares traded in the last 12 to 13 days.

Obviously a rerating,and Qrt due.

What a rushhhh