For a start I'd like to hear a bit about the modelling done on the Slate Project. There's been what I would like to call pathfinder mineralization found in the form of low grade gold so one would hope there is some follow up work to be done from the desktop modelling conducted to try find the mother load where the low grade originated. Also some results of the aerial exploration soon would be nice.
I feel it's going to be slow going until April the 4th when the new 100,000,000 shares are on the market. Why would a company release some excitement to the market before April 4th when the purchase price of shares are worth 0.6c and could be sold for almost 20% more with each position gained dragging the market back down.
On a positive, with the position we're currently in there is a lot of holders holding tight on a large loss at the moment and will need to hold tight for a while yet just to break even. Also historically AAJ is a share that appears to be heavily traded because of it's volatility and risk reward due to it's low market price and parentage gains, the entire registry was traded 12 months ago if volume is taken into account. Example December 2017 to March 2018.
There's quite a few exciting projects on the go at the moment which will bring interest back to the company once an action plan is outlined and the market can see the potential becoming closer. It's just a matter of time and a waiting game.
Just my 0.6c worth....
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Last
1.3¢ |
Change
-0.002(13.3%) |
Mkt cap ! $3.997M |
Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 1.3¢ | $14.26K | 1.041M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 391000 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 300000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 801910 | 0.021 |
6 | 1095049 | 0.020 |
5 | 595446 | 0.019 |
3 | 245333 | 0.018 |
2 | 233000 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 100000 | 2 |
0.023 | 3515167 | 1 |
0.024 | 141704 | 2 |
0.025 | 240039 | 2 |
0.026 | 200000 | 1 |
Last trade - 15.43pm 15/11/2024 (20 minute delay) ? |
AAJ (ASX) Chart |