tech/a
No Ordinary Duck
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AUZ - Australian Mines
- Thread starter el_ninj0
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I also reckon that there will be a bit of a speed bump if it hits .10 - but it is only a matter of time on this one (and some good luck of course), and i think that .15 will be breached... Cash flow positive production with fully funded or cashflow funded exploration along with realistically probable resource extensions (the ground they have in the Kambalda region now would have to be amongst the most desirable Ni ground in Australia - )... along with the Gold and Marriots project...
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Sodapop said:
Speaking of which - something that must make them something of a takeover target... I don't know of anything concrete (someone on HC made a muttering - it could be a red herring coming from there) - but it is not beyond the realms of possiblility that a small to mid-cap Ni Miner would identify AUZ as a pretty good way to increase tonnages at a pretty low cost (relative to other options) and at current Ni prices nigh on fait accompli (there is plenty of Ni on the tenements - it's finding it that is the toughie) undiscovered economic Ni deposits... Might explain the steady accumulation that has been going on since the price rise and drop... A cashed up mining house could give the tenement the kind of attention it would deserve - the kind of attention that AUZ (now increasingly cashed up) can start to give it... It's almost a pity that the PIO JV was set - at the time it was an expedient move (as AUZ looked the FAR more shaky of the two at the time) - as now AUZ is at the behest of PIO vis a vis the non-Blair mine tenements and their exploration (within the time constraints of the earn-in)... It begs the question - of both getting the T/O treatment to neutralize this issue... I can think of at least one big miner that has a significant holding in PIO that could probably swallow up both at a premium without any dramas (think Carl Sagan)...
As a lot of my posts - this is spitballing, but it does seem plausible...
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AUZ just released news..confirming results. Seems to be in a trading halt with sellers mounting down to .09....
I thought the news sounded good?
I thought the news sounded good?
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Trading again.. dropped to .091..
tech/a
No Ordinary Duck
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Sometimes you can be lucky.
Bought on open when it fell back to open I sold.
Went and bought some lunch and I see all this has happened.
Bought on open when it fell back to open I sold.
Went and bought some lunch and I see all this has happened.
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Can someone shed some light on this for me please..
So the news released today was really non-news. Not really positive nor negative, just a note to let us know drilling has commenced right?
Why would this cause the sp to drop from .095 to .088? Where there enough traders that entered this stock over the last days (due to chart analysis) in the expectation of good news? When this didn't materialise it caused a mini sell off and correction back down to previous support (or just above it)?
Am I seeing this right?
cheers
RB
So the news released today was really non-news. Not really positive nor negative, just a note to let us know drilling has commenced right?
Why would this cause the sp to drop from .095 to .088? Where there enough traders that entered this stock over the last days (due to chart analysis) in the expectation of good news? When this didn't materialise it caused a mini sell off and correction back down to previous support (or just above it)?
Am I seeing this right?
cheers
RB
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Thanks.. I take this as a yes.. or most probable.
anyone currently holding?
one operating nickel mine earning $1 million a month profit, and working towards restarting and second.
looks good value at 0.083
exploration results due before end of december with likely upgrade to blair mine resource.
any thoughts?
one operating nickel mine earning $1 million a month profit, and working towards restarting and second.
looks good value at 0.083
exploration results due before end of december with likely upgrade to blair mine resource.
any thoughts?
hi all
interesting times ahead for AUZ one feels, was just triing to find out if woodline1 gold play has any more upside potential other than the 12000oz au. they are using the open cut method does this mean that its closed off down dip and along strike and the 12000 oz AU is it. or is there potential to increase AU. have looked through all asx and company website announcments and doesnt say it has any upside potential but that doesnrt mean it hasnt, hope someone here might know, thanks regards beach
interesting times ahead for AUZ one feels, was just triing to find out if woodline1 gold play has any more upside potential other than the 12000oz au. they are using the open cut method does this mean that its closed off down dip and along strike and the 12000 oz AU is it. or is there potential to increase AU. have looked through all asx and company website announcments and doesnt say it has any upside potential but that doesnrt mean it hasnt, hope someone here might know, thanks regards beach
Bought back into auz at the close as I cant see it breaking thru the support at 8 cents. Although i am wary that they have broken away somewhat from their upward trend and drifting imo. Anyrate awaiting a correction back to that same trend. I cant remember if there are further drill results due but if anyone can enlighten me feel free.
Drilling results are due on Blair Mine before years end, if you read earlier announcements it states that the results will be released before the end of the december quarter.
Company seems really undervalued at the moment current positive cashflow of $1 million a month, which gives them a good leg up towards bringing the Marriot Nickel mine into production.
Hopefully a good increase in the blair mine reserves will get the share price heading back in the right direction.
Company seems really undervalued at the moment current positive cashflow of $1 million a month, which gives them a good leg up towards bringing the Marriot Nickel mine into production.
Hopefully a good increase in the blair mine reserves will get the share price heading back in the right direction.
