Demand is there. Plenty of buyers queued, stacking up for many units.
Phenomenal volume, nice that.
Kind regards
rcw1
Demand is there. Plenty of buyers queued, stacking up for many units.Good afternoon rcw1, EVN did well today. Closing volume almost 34 million compared to:
08/11/2022 2.150 2.170 2.110 2.150 11,355,394 07/11/2022 2.140 2.200 2.100 2.150 18,404,862 04/11/2022 1.980 2.040 1.975 2.010 11,876,750
Hello Rabbithop, rcw1 favourite Rabbit over an above the South Sydney Rabbitoes...row1 shld be very Happy to see how LYC ran today. Not holding yet but watching it.
Ouch! Never mind. There are other days n stocks to gain. Also RRL isn't bad today. I think over all our market today is a good swinging up.Hello Rabbithop, rcw1 favourite Rabbit over an above the South Sydney Rabbitoes...
Yes M8, true that. Brace yourself... you sitting down... rcw1 not holding LYC at the minute...
Kind regards
rcw1
? Pump n DumpHuge volume traded in EVN yesterday................
30/11/2022 2.690 2.730 2.640 2.690 0.020 0.75 238,233,434 29/11/2022 2.570 2.700 2.550 2.670 0.000 0.00 25,378,793
You mean me, rabbit? If that's the case, no, not at all. No good pumping after hours and hoping to do a dump; simply won't work.? Pump n Dump
No..I don't mean you did it...I was commenting on your post about Big Vol going thru...You mean me, rabbit? If that's the case, no, not at all. No good pumping after hours and hoping to do a dump; simply won't work.
Purely from a trading point of view, or investing for that matter, normally, big volumes with a price rise indicates positivity. It's worth taking note I think. But yesterday, the spread was not much if you look at the trade history. Today's rise was helped by the comments made by Powell last night which weakened the greenback.
The other day, there was a big block at 2.75. I was watching and thought it was a trick. Someone was trying to block because they wanted to buy, hoping to scare mums and dads into selling. But it was snatched by a buyer...over 1 million shares was taken in one parcel. Of course, our observations and assumptions can be wrong sometimes...........by the way, I like the way you think, rabbit, haha........2 suspicious minds.........
Or maybe the buyer was looking at this Interactive Analyst Center toolASX Announcement
24 November 2022
SIGNIFICANT NEW COPPER-GOLD EXTENSIONS AT ERNEST HENRY
Key highlights:
New drillholes as part of the ongoing Ernest Henry exploration program have intersected significant
mineralisation widths within and below the Pre-Feasibility Study (PFS) mine life extension area including:
157.0m (85.0m etw) grading 1.26g/t gold and 1.62% copper
102.0m (71.0m etw) grading 1.06g/t gold and 1.39% copper
90.8m (70.0m etw) grading 1.42g/t gold and 1.54% copper
These results will support the PFS and represent potential for further life of mine extension
These drill results are not reflected in the current Mineral Resource and will be incorporated in the annual
Mineral Resource update to be released in the March 2023 quarter
Drilling is ongoing to test the continuity of mineralisation in sparsely tested areas up-plunge within the PFS
extension area
Logged back in after being on the road. Sold at open... thought it strange that punters were lining up before market opened to get out after the massive jump last night. The price didn't get past 2.99. Gold has run hard so taking money off the table makes sense. After all the hype and excitement, it's now like a puff of wind....Have a great weekend, folks
Gold holding well, down a tad at the moment, -$4.45, our dollar holding. Looks like it's going to be ok. Other gold stocks performed well today but not EVN.......I was disappointed in her to say the least........anyway, there's Monday. Until then, have a great weekend, Sean....I'm off to the Christmas carols.........Gold stocks have had a good run recently, but still way off old highs. EVN was $6.50 not too long ago. Gold gain has correlated pretty well with USD weakness, so if USD keeps going down based on probability of interest rate slow downs there still might be some upside. But, might only take a super-inflation number to come out and the Fed will go hard and it'll be down hill again.
(obviously EVN have had a few more issues than just the POG)
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