A40 price action, page-152

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Heeman

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23/02/19

00:07

Post #: 37539173
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Originally posted by youmustbeyoking ↑

Originally posted by Pela
Can someone actually give me a reason why the volumes and share values have increased so suddenly today? What is the key driver here as no official announcements have been made. Just curious
Pela, who knows. This stock behaves very weird, especially on good news. let's start 2018
March Proddution commences Price drop 7.5%
April Hauling product commence Price drop 5.25%
May 1st shipment Price drop 8.75
June Increace in ore reserve Price drop 8.0%
July Achieve comercial production Price drop 30%
September Bald Hill opperation optimisation Price drop 23%
December 04 Aprove scheme of arrangement Price drop 10%
December 12 Appointment opperations director Price drop 41%
2019
January Record month production Price drop 16%

There were some slight recoveries in between and percentages are based on the s/p on the announcement day, so you can't just add the drops. The only real thing that will move this beast's share price is an increace in resources, adding LOM. We need to start drilling in all earnest. Annalists don't see the picture the way we see it. I feel there is enough spod in that ground to last into the next century. They still say, "how dare that man MC, go against all proven conventions, and start a mine without a BFS and such a small reserve". Just my opinion and a very humble one at that.

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I’m not nit picking but the Jan record month ann announcement of 7th Feb Actually resulted in a sp movement of 18% UP. I haven’t bothered to check all the other ones seeing that. But yes valid point re the LOM. I’m pretty sure they have a plan for nice resource upgrade(s) this year.

A40 Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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A40 price action, page-152

Top Stories

Scientific conference spotlights PYC's work on blindness disease treatment

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

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Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M