AUZ 7.69% 1.2¢ australian mines limited

There are only buyers for 20Million and they need to sell $170M....

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 314 Posts.
    lightbulb Created with Sketch. 101


    There are only buyers for 20Million and they need to sell $170M. Hypothetically, if they are given shares today only 10Mil can be sold at profit because there are no more buyers. For that to happen a lot of pumping needs to be done. They know that  we all have a chance to sell before shares are allotted to them. SO the share price could be really low when the shares are issued to them. This logic appears stupid to me.

    What I know is that if Sconi goes to production the share price will be up there. If there are lots of positive news then any amount of dumping will not work.

    On the other side if close of business today they release an announcement that SKI have walked away then any amount of pumping will not lift the price above 1 cents.

    So in reality these people can lose a lot of money. Their risks are same as you and me.

    Having said that offcourse their could be some tiny manipulation for some time but in 6 months time what will make or break this company is whether the project is going ahead or stalled.


 
watchlist Created with Sketch. Add AUZ (ASX) to my watchlist
(20min delay)
Last
1.2¢
Change
-0.001(7.69%)
Mkt cap ! $11.18M
Open High Low Value Volume
1.2¢ 1.2¢ 1.2¢ $11.7K 975.0K

Buyers (Bids)

No. Vol. Price($)
14 35271719 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 612037 2
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
AUZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.