I have been in plenty of dogs... which makes seeing them easier than those who always get it right. My worst loss: XPE. $50k dusted after being up $200k. How did it happen? Easy. I broke my rules; didn't trust my research/gut; got caught up in the hype; was greedy. One of these is bad enough. All mixed together resulted in a $250k difference. Ouch!
As such I do not profess to be a guru. But the biggest mistakes result in the best, although expensive, lessons.
But you do misquote me. I said "after AVL ticks more boxes". The caveat being ticks more boxes. AVL did not/have not ticked more boxes. The PFS is terrible and imo, will not get funded.
Those who know my investment style will know I follow the mining life cycle. I have posted this chart many times.m Basically, the most money can be made up to the PFS (imo peak speculation). Then afterwards a 50% decline. If the mine makes it to production then maybe a 400% climb up to production. This will be higher than peak speculation but not the most money which can be made.
If you look at what AJM/PLS achieved by the time of their peak speculation and then compare to AVL; then you will see AVL did not tick the boxes. Similar applies to AEE...
The other thing I like to do is look at charts: 20/50/200 day MA plus MFI plus MACD. The sell signal based on these alone was end of July 2018; ironically at the time ASEAN was increasing. The SP has never recovered from this time. High volume too; relatively.
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I have been in plenty of dogs... which makes seeing them easier...
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $107.4M |
Open | High | Low | Value | Volume |
15.0¢ | 15.0¢ | 14.5¢ | $50.94K | 342.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 200250 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 270706 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 5175405 | 0.012 |
9 | 4708402 | 0.011 |
11 | 5696999 | 0.010 |
2 | 3500000 | 0.009 |
4 | 1475000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 1132508 | 2 |
0.014 | 1152736 | 4 |
0.015 | 4077609 | 10 |
0.016 | 1080476 | 4 |
0.017 | 1324000 | 3 |
Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
AEE (ASX) Chart |