Australia's largest stock trading and investment forum Australia's #1 stock forum

AUZ

Click for more information

7.69%

1.2¢ australian mines limited

So much Volume AUZ, page-29

First 29 Last

Share
Profile

Follow
Tony barber

2,580 Posts.

388

05/03/19

14:58

Post #: 37658759
Share

Originally posted by sigmadelta ↑

What is happening here is that the market knows there are 170 million shares that are shortly to become tradable. The market is moving to minimise the arbitrage on these shares, the mechanism is as follows:

1) Current holders anticipate that 2.9c shares will be sold at arbitrage as long as there is a profit to be made, i.e. down to 2.9c
2) If you are a holder in profit and thus anticipate (1), you can get that arbitrage for yourself before the CR shares become tradable. So you sell, with the anticipation that you will be able to buy back cheaper at some later date, after the arbitrage has been exhausted down to 2.9c
3) Enough holders do this, the price reaches 2.9c before the CR shares become tradable.

It doesn't really matter what the intention of the CR holders have, the market anticipates they will sell, and that is enough.

Expand

What you suggest would have happened last week.
And those shares are now on the market.

AUZ Price at posting: 2.9¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

HotCopper Highlights: Your most watched stocks for Week 46, 2024

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

There are more pages in this discussion • 288 more messages in this thread...

First 29 Last

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

No.	Vol.	Price($)
9	2044305	0.024
19	5623322	0.023
16	3694682	0.022
9	2661473	0.021
26	3055551	0.020

Price($)	Vol.	No.
0.025	3845383	15
0.026	4804451	16
0.027	2002676	9
0.028	2560345	14
0.029	5351082	9

Last trade - 16.10pm 15/11/2024 (20 minute delay)

AUZ (ASX) Chart