AUZ - Australian Mines

[el_ninj0]

Ive been watching this stock for the past week or so, looks to me as if its making a bit of a turn around in its prices, down .03 cents today, but i expect thats only because everything else is!.

Might be a good time to buy.

[Blitzed]

Have been watching too, didnt do too well today.

Abit more research for me I think.

[Sodapop]

Starting to look interesting... Ni producer with some good ground under it's control... Greenfield Au discovery that has piqued some market interest and a funded Ni exploration programme with Pio - all things considered a pretty decent place to be especially with the Ni price continuing to perform well... and $Au weakness...

[Dutchy3]

Shut the gate, Barry

This one hurts ....

Love the way this one is shaping out ...

[Sodapop]

Very encouraging ann. today... extensional drilling of the Blair Mine Deeps has provided evidence of a continuation of the high grade E shoot at depth (3.1m @ 13.14% from 100.7 m and 2.49 @ 8.65% from 103.47m incl. 1.49 @ 13.91%)... there are three more holes yet to be assayed which visually have intersected sulphides (assays on the way)... add to that that the first hole intercepted some good widths of (what looks probable to be - at current prices - not to mention highly interesting possibilities going forward) economic ore (2.7m @ 5.02% from 9.4m and 5.51m @ 3.28% from 43.93m)... This is great news as this hopefully will extend the mine life (with good cashflows) whilst the coy. works on its very interesting Duplex South Au deposit resource defintion and PIO earns into its 51% JV by carrying out its drilling obligations... with the Ni and Au price looking good and the $Aus looking shaky this company could be getting a severe re-rate in the near term... They are certainly in the right part of the Australia to find some good deposits...

[silent knight]

AUZ can be viewed in three ways, in my opinion. Firstly as a long term speculation, secondly as a charter member of Battlers Anonymous and thirdly as a stock which is regularly manipulated by some traders with large trades for small percentage gains.
They mine nickel and have found gold on their tenement. The mine is a very small affair which sometimes pays for itself and sometimes doesn't, depending on the price of Nickel. They manage their own mining to reduce costs and appear to me to have been working hard to keep costs down (I'm not sure if the MD swings a pick, but I wouldn't be surprised.) The gold has not yet been proven to be commercially viable but is looking better as each extra bit of drilling is reported. With their hands on experience, I feel sure that they are capable of getting the best out of it if it is viable.
There are lots of shares in the company, 454M, so any eventual profit will have to go a long way. Still there are many explorers who haven't found anything who are selling at a higher price.
I hold at a slight profit but with a lot of interest in whether they can succeed. I regard my investment as speculative and realise I could lose the lot. The last financial contained the requisite phrases for a company which could go under.
Anyone who has not watched the company needs to be aware that there are some very competent day traders making a good living buying and later selling large blocks of shares. They make a nice profit on a small spread.

[Sodapop]

AUZ can be viewed in three ways, in my opinion. Firstly as a long term speculation, secondly as a charter member of Battlers Anonymous and thirdly as a stock which is regularly manipulated by some traders with large trades for small percentage gains.
They mine nickel and have found gold on their tenement. The mine is a very small affair which sometimes pays for itself and sometimes doesn't, depending on the price of Nickel. They manage their own mining to reduce costs and appear to me to have been working hard to keep costs down (I'm not sure if the MD swings a pick, but I wouldn't be surprised.) The gold has not yet been proven to be commercially viable but is looking better as each extra bit of drilling is reported. With their hands on experience, I feel sure that they are capable of getting the best out of it if it is viable.
There are lots of shares in the company, 454M, so any eventual profit will have to go a long way. Still there are many explorers who haven't found anything who are selling at a higher price.
I hold at a slight profit but with a lot of interest in whether they can succeed. I regard my investment as speculative and realise I could lose the lot. The last financial contained the requisite phrases for a company which could go under.
Anyone who has not watched the company needs to be aware that there are some very competent day traders making a good living buying and later selling large blocks of shares. They make a nice profit on a small spread.

S/K - Couldn't agree with you more... It is extremely frustrating watching matched bids getting cycled through the depth - but that's life - i beleive that was what stopped the price moving higher the other day (because it was a good ann.)... the one thing i like about this coy is that they are highly leveraged to the Ni price - and i am convinced (with reason) that the Ni price will be $7.50lb before long (with greater upside possible)... not forgetting the $Au is in a much better trading range... I am awaiting the other assay results from remaining holes - hopefully they will move the price through the 0.025 resi. level...

[yogi-in-oz]

:)

Hi folks,

AUZ ..... testing the lows for support again right now,
but looking at the time cycle analysis, we should see
a recovery starting soon:

19-22052006 ..... positive ... finance-related???

29052006 ..... minor and positive news

09062006 ..... positive cycle here

14062006 ..... significant and negative???

15062006 ..... minor news???

04072006 ..... significant and aggressive rally??

10-11072006 ..... 2 minor and positive cycles here

03082006 ..... minor ... finances???

11082006 ..... positive spotlight on AUZ???

happy days

yogi

:)

[Dutchy3]

Hi Yogi

After the hit taken on HDR I could do with some good cycles!

[yogi-in-oz]

:)

..... let's hope your trading God smiles on you,
in the months ahead ... :)

HDR ... still figure the pain is not over yet, by
a long way .....

happy days

yogi

:)

[NettAssets]

Can someone help with my confusion

There is a Announcement today under AUZ - Blair mine area 57 Nickel Extention
Auz is listed as Aust Mines FPO
Inside the announcement thy have used the code AUM which is the old CUDECO code
AUM is listed as Aus Mining FPO
its not cudeco's share price
and its trading basis is RE not normal
I havent found that Codes meaning yet

John

[NettAssets]

Must have just been a typo I think

the AUM I was looking at was the old CDU which is now RE
re-constituted
didn't look at the last trading date

might be worth a bite anyway
not a bad announcement

[ben73]

Positive news this morning on this one:

Nickel resources increased by 45% at Blair Mine WA


Massive volumes also... Its looking up!

[Sodapop]

After perservering (and at times sweating- i'll be honest!!!) on this one it finally seems to have caught the eye of larger swathes of the market... To be honest i was mystified at the lack of interest given the fact that there had been consistently +ve announcements for some time now (Ni drilling, PIO JV, Gold Prospects) - the resource increase tipped it over the edge i guess out of congestion... Just goes to show how fickle the market is since compared to some of the tin-pot explorers with much less going for them (but far higher comparitive market caps) it was struggling... just goes to show if your stocks don't have market sentiment behind them they might as well be dinosaurs...

[ezyTrader]

Seems to me that nickel prospecting companies are not getting much green light yet. Look at AGM, INL, etc. Prices are still being suppressed, not able to break through, although supplies are fast diminishing.
But definitely, stronger buying support today, pulling AUZ prices up 18%.

Need to see if it would hold after tomorrow, being the usual T3 trading pump and dump.

PS: Not holding at this stage.

[Sodapop]

Another strong day for this one... What is up (????) - obviously wider swathes of the market have cottoned on... Is a t/o in the works - what??? No matter i am a happy little elf right now...

[Sodapop]

Still going on healthy volumes... Hit 0.055 today before settling on 0.053... Time will tell - I hold and in no hurry to sell into a rising market...

[Tekmann]

Seems like what goes UP, has to come DOWN.....unless you have shares in Pfizer... :D

[Tekmann]

Don't you love these big Inst Investors, one at 0.057 (1.5Million) and 1 at 0.058 (2Million) driving it down...????

EDIT: Make that 2 seperate sells at 2Million...????

[Tekmann]

Wow....that's $85,500 @ 0.057c and
2 seperate 0.058c trades each at $116,000..

What are you mean't to do....thought I read somewhere to sell out early, and buy somewhere low against them....on the beleif that they're driving price down to buy back in again...????

Sounds LOGICAL. :eek:

EDIT: SURE ENOUGH soon after posted here, they're pulled out, (not sold out) and the price runs back up to 0.059c with a hour 2 close.

[laurie]

Same person!

cheers laurie

[Sodapop]

Here's the thing with AUZ - they have a producing mine and they are delivering their Ni at the spot price now (the last of their hedged nickel has been delivered)... This is still undervalued (IMHO) at circa $25m market capitalisation... Producing nickel and with very prospective exploration potential and some easily accessed Au deposits being delineated with good short-term to production profiles... I liked this over a year ago (i am in very cheap - rel. current sp...)... I am glad that it has finally got the attention it deserves (obviously the skyrocketing Ni price has helped) - unhedged, good ground (for both Ni and Au - with nascent prospects on it - and toll treating options aplenty), and (still) low market cap...

[Tekmann]

Same person!

cheers laurie

Are you referring to my post Laurie, and how can you confirm this, which makes it even worse going again a bigger bank roll..... guess gotta go with them hey...

Or get out of the trade against them QUICKER :banghead:

[laurie]

Are you referring to my post Laurie, and how can you confirm this, which makes it even worse going again a bigger bank roll..... guess gotta go with them hey...

Or get out of the trade against them QUICKER :banghead:

Yes I was it's possible if say you own e.g. 500,000 and then break then up into 5 x 100k lots with say .005c spread how can you confirm this ....not easy,looks though they are different buyers/sellers :2twocents

cheers laurie

[Tekmann]

Today they're seem to be driving it right up...

Is anyone else in AUZ....????

And your thoughts pls

Thanks
Tekmann

[Sodapop]

My thoughts - have been eludicated further up... Oh - and wow... still holding as well... i have done pretty nicely on this (payback for losing the lot on GTM)...

[Fab]

Wow I just bought into this one. It's going crazy :)

[Fab]

Another 14% today. Not bad at all. Any explanation ? :)

[Sodapop]

Another 14% today. Not bad at all. Any explanation ? :)

Nothing that i haven`t posted before - look at their releases for the last 6-9 months (all quite good - yet no movement... was (maybe) being manipulated by a crew of daytraders - they would have been washed out by now...)... It`s just taken time for the market to come round and their resource situation seems to improving, Au proj coming on board soon, et al... go to their website - there is a PPT presentation on the coy.... If you look at the chart - there was some congestion developing and given the positive news releases (winding it up like a rubber band) it was always looking like a good chance to go for a run and it seems to have done that... well and truly...

[moses]

Its gapped up two days in a row. I came home from a full day shopping and found an overnite punt had paid for my day, which is nice. :D

[Fab]

New positive announcement:


EXPLORATION UPDATE: GOLDEN RIDGE JV, WA

Australian Mines Limited (ASX: AUZ) is pleased to announce the results of the recent drilling programme at the Golden Ridge Joint Venture, located in the region surrounding the Company’s Blair Nickel mine near Kalgoorlie, WA.
Joint venture partner Pioneer Nickel Limited managed the RAB drilling programme totalling 80 holes for 3,640m. The programme identified two new ultramafic contact surfaces and the accurate location of a third.
Best result was an intersection containing:
• 2m at 0.69% Ni and 0.08% Cu
RAB drilling is continuing, with another 60 holes planned for the current quarter.
Pioneer has the right to earn an initial interest of 51% of the project by funding $2.25 million on exploration.
A 3000m RC drilling programme is set to commence in early November to test extensions to the Blair South deposit.

[Tekmann]

Golden Ridge Positive News...
http://www.asx.com.au/asxpdf/20061018/pdf/3z1w9zqr476bt.pdf

[Fab]

Damn it looks like I bought at the top (0.075). Does anyone knows much about this stock ??

[Sodapop]

:cool:
Damn it looks like I bought at the top (0.075). Does anyone knows much about this stock ??

Seems to have a bit of support at mid-0.07s - you have to admit it has had a stellar run of late - the breather might be a good thing... shake out the weak holders, price consolidation - priming for the (hopefully) next run... i take a long view on this stock - it has a lot going for it!!!

[Fab]

Why is it a long term buy ??

[Sodapop]

Why is it a long term buy ??

I have posted earlier in this thread about the coy. as to why - there`s no need for me to elaborate... go to their web site as well a recent PPT pres (including peer comparison and future plans)... look at it this way Fab - i have been folowing this company for a while now (and am sitting on a several-fold profit) - market sentiment has changed and now it is being accumulated - anyone making nickel now is making a killing and these guys are making $$$ now not in 1-2 years time... Clearly some players have cottoned on to this... and it still has a quite small market cap ratio relative to its resources...

But my view and risk tolerance is going to be qualitiatively different to yours by virtue of my entry price - therefore i won`t be panicked by a few 0.001s of volatility as much (but i can see your angle - especially at 7.5)... I am just stating it from my perspective...

Good luck whatever you do...

[Halba]

i don't know about you, but last time AUZ made a loss. they might manage only small profits during this boom as their costs are high. mine life is an issue. their latest drill results are poor.

[Sodapop]

i don't know about you, but last time AUZ made a loss. they might manage only small profits during this boom as their costs are high. mine life is an issue. their latest drill results are poor.

Those drill results were pretty average (didn`t do much for me either) - but that was the PIO JV... not putting much stock in that... But the drill extensions to the Blair mine 100% owned have been pretty solid (excluded from the PIO JV)... At $15USD Lbs Ni - they will be doing pretty decently they are were CF +ve last qtr and that was after hedging obligations which dragged them down (which are history now)... Their costs are in the region of $10-11AUD per Lbs (check qtlies...) and at 0.75 ex-rate a $15 Ni price comes to around $20 (as to how much they get from BHP that is open to question)... I am not going to be drawn on how much they will yank this quarter - but i beleive it will be a significant improvement on the prev. quarter given they have no hedging obligations now... My two cents...

No gaurantees anywhere Halba - but i am happy to stick with this... compared to some of the Ni miners that are doing the rounds...

[Fab]

They seems to be some buyers behing this stock even after jumping 100% as it is still going up over 10% today :)

[Sodapop]

:bier: As the Romans said - #### me!!!... This run has been phenomenal - still on paper profits (i have a sell point in my mind) - sell decision is going to have to go on instinct and gut feeling... Looking at todays chart and the buy sell action over the last few days it looks like some players have been accumulating into the weakness... and then today happened... i am not a chartist but yesterdays doji star and todays long candle on insane volumes has to bode well for monday???

[Dutchy3]

Sometimes this happens and sometimes I have a bucket full. I tipped this one months ago and even took positions (the little red lines) I then decided that the grass was greener elsewhere ... so I left 270% on the table in 3 months ... so 1090% annualised.

No bucket this time .... all the best for those that have. Don't go short changing yourself either this thing has traded at 27 in the past.

[clowboy]

It's scary.

Holding quite a nice profit on this one and am scared of seeing it retrace and take it all back.

28cps would be so nice ........... I'd smile for at least a day :)

[Sodapop]

As i type this the LME Ni is $15.99 (Bid)... If it closes anywhere near this i think AUZ is going to give 0.10 a good shake come monday morning... and thereafter we will see what happens... yeah - at 0.28c i could afford a smile at least... Given that (28c) happened in the days when there were only around 100m pieces of paper it will be difficult - but the Ni price wasn't at $16USD then (more like $3-4)... This is a perfect example of having patience in your stocks (research and informed hunches) - in spite of what the market is telling you - i started accing. this over a year ago and now look at it...

[Sodapop]

AUZ quarterly report should be coming out this week or early next... might determine the next stage of the run... the cashflow report should be a big improvement on previous months - if its not then run for the hills - but looking at the chart the market has priced in a pretty positive result already (or the market already knows ;) )... a few weeks back they stated that extensional drilling of the 100% owned Blair Mine assays (three i think) should be announced in the next quarterly... and the Woodline Deposit development decis. should be being made very shortly... All in all it should have (imho) a pretty price-sensitive effect on AUZ's stock price - and let's be honest quarterlies usually are yawners...

[Tekmann]

Looks like it didn't close at $16USD, but finished at $15.78USD which I guess is still good....

You must have made a squillion on this one "Sodapop" as you seem to have followed it for some time, and only wish I did... oh well, there's still more 2 run....

[Sodapop]

Looks like it didn't close at $16USD, but finished at $15.78USD which I guess is still good....

You must have made a squillion on this one "Sodapop" as you seem to have followed it for some time, and only wish I did... oh well, there's still more 2 run....


Still only "paper" profits... the whole "cut your losers and let your winners run" axiom sounds good in theory but - but when you are faced with actually executing on it it is more suspect... especially when my AUZ holdings were seriously (at times - in spite of my convictions) in danger of falling victim to the first half of the axiom... as i said earlier - market sentiment is a fickle thing... :rolleyes:

[Tekmann]

Starting to look interesting... Ni producer with some good ground under it's control... Greenfield Au discovery that has piqued some market interest and a funded Ni exploration programme with Pio - all things considered a pretty decent place to be especially with the Ni price continuing to perform well... and $Au weakness...

Wow....You posted the above back in March, and along with Dutchy3 were bullish back then....but I also admire you for your dis paper trading b4 actually taking the plunge....

How long b4 you start actually trading ...?????

EDIT: Do you know where I find the world's reserves of any metals...to indicate where it's going.

[Sodapop]

Oh no... i own the stuff... just haven't crystallized the profits yet...

[JoshyJ]

It looks to have support for another run tommorrow? anyone agree?

[Tekmann]

Can't beleive all the buyers that didn't buy early and still want to buy somewhere near the TOP, despite all the strong resistance.... :eek7: :eek:

[Tekmann]

This stock has had little retracement today, and doesn't seem to be slowing down, other than for LUNCH... :D

Alll hope there's many ASF members enjoying the 27% UP day.

Thoughts on where it will go today and for the rest of the week...despite having no news again still pulls 83 Million so far.

Thanks
Tekmann

[Tekmann]

HUGE 100 Million Volumes makes them all run, but they're retreating again... :D

[Fab]

Wow another 20 something % today. Is this one going to run like PDN. Hopefully yes as I bought more today. What is so attractive about this stock ???

[Fab]

So where is this one going tomorrow :)

[Sodapop]

:eek:
So where is this one going tomorrow :)

Aren't you glad you held on to this FAB (or i hope you did)... It is starting to get pretty heavily priced - (up around $45m MC - but who knows what its real value is???)... but take the profits (or at least revel in the upswing) and ask questions later - this is in part a re-rate (and something more - of which i am not quite sure)... There is a lot of resistance in the low teens (a lot of sells - which might be gone at open...) but if there is another savage break (to the upside) tommorrow at open like there was this morning and two days last week we could see an even bigger % gain than today...

[lesm]

Have attached a couple of charts that shows how the activity panned out today.

Cheers.

[Fab]

My problem is that I bought some more at 0.11 yesterday and noticed afterward the strong resistance around the 0.10 - 0.11. I got a bit carried away so I hope it will go much higher

[Tekmann]

There seems to be strong selling preasure from 10.5 all the way to 13 (maybe lucky 4 some)

Also the total volume of sellers vs buyers are reversing where it's held 3 to 1 ratio, and now holds around 3 to 2 ratio... as the sellers reveal their positions....

IMO....this may end up driving it down just in the short term(possibly just today or this morning), but with the xjo set to have stong day and nickel up a touch, it will be hard to keep this down.....IMO seems good hold in the mid - long term.

Off course some immerent good news will push through all that and the resistance today will evoropate quickly.

I am not qualified to advise...so make your own dicissions. :D

[Sodapop]

I think a lot of those sells will get yanked pre-open, it has been happeninig throughout this run and i see no reason for it to stop, also the volumes of sell orders mean it is easier for big accumulators to get their wedges with ease... I am just going on gut feeling here (at this stage it is unscientific) - this head of steam has a bit to go yet - the 10c barrier was significant for the next stage of the price appreciation (new buyers will be piling in esp. now with the minumum tick being 0.005+/-)... Like i said this has had some amazing breaks at open - each time "surely it can't happen again" - and it does... who the #### am i to disagree with the market...

[silkyoak]

In at 8.4 on friday reckon it will be 20 to 25c by the end of November.

Approximately 670 million shares traded in the last 12 to 13 days.

Obviously a rerating,and Qrt due.

What a rushhhh

[Fab]

silkyoak,

What makes you think it will be around 20 to 25c mid November? Looking good for another rise when it opens today :)

[petee]

In at 8.4 on friday reckon it will be 20 to 25c by the end of November.

Approximately 670 million shares traded in the last 12 to 13 days.

Obviously a rerating,and Qrt due.

What a rushhhh
personally at these prices i wouldnt be going anywhere near it..as fast as it rose it can fall..the news they have had so far isnt great..a simple warning to all

[silkyoak]

http://premium.basemetals.com/ReportItem.aspx?Code=1023170957

Nickel was one example, hitting a new all-time high of $32,700 a tonne at one stage, a $700, or 2.2 percent, jump from Friday, supported by a spot squeeze and severely depleted warehouse inventories.

Last trade was at $32,400, with the market now up 143 percent, or just over $19,000 a tonne this year.

Analysts said that the fundamental picture of scarce supplies has been highlighted by a month long strike at producer Eramet's Doniambo smelter in New Caledonia, which has left the smelter with only 10 days of feedstock remaining.

"With only 3,294 tonnes of stocks available on the LME, less than one day of global consumption, the market can ill afford any production losses," broker Barclays Capital said in a report.

LME warehouse stocks actually rose on Monday -- up 312 tonnes to 5,148 tonnes. But the amount of metal under 'cancelled warrant', which denotes nickel due for removal, increased by over 300 tonnes to 1,866 tonnes, keeping available material perilously low.

Despite current high prices and premiums, there is little evidence that end-users are being turned away from nickel.

"We have not seen any signs of substitution. In fact, our customers are more concerned with getting material," Juha Rantanen, CEO of stainless-steel producer Outokumpu Oyj said.

Nickel spot price is on the way up how much?
How long is a peice of string.

PDYOR im at the station looking for pink elephants

[petee]

http://premium.basemetals.com/ReportItem.aspx?Code=1023170957

Nickel was one example, hitting a new all-time high of $32,700 a tonne at one stage, a $700, or 2.2 percent, jump from Friday, supported by a spot squeeze and severely depleted warehouse inventories.

Last trade was at $32,400, with the market now up 143 percent, or just over $19,000 a tonne this year.

Analysts said that the fundamental picture of scarce supplies has been highlighted by a month long strike at producer Eramet's Doniambo smelter in New Caledonia, which has left the smelter with only 10 days of feedstock remaining.

"With only 3,294 tonnes of stocks available on the LME, less than one day of global consumption, the market can ill afford any production losses," broker Barclays Capital said in a report.

LME warehouse stocks actually rose on Monday -- up 312 tonnes to 5,148 tonnes. But the amount of metal under 'cancelled warrant', which denotes nickel due for removal, increased by over 300 tonnes to 1,866 tonnes, keeping available material perilously low.

Despite current high prices and premiums, there is little evidence that end-users are being turned away from nickel.

"We have not seen any signs of substitution. In fact, our customers are more concerned with getting material," Juha Rantanen, CEO of stainless-steel producer Outokumpu Oyj said.

Nickel spot price is on the way up how much?
How long is a peice of string.

PDYOR im at the station looking for pink elephants
yes but given AUZ price this really isnt the situation concerning the nickel..id rather go for a mega cheapie like HCY which has potential to super rise coz not only of nickel with a proven joint venture partner but now they have gotten into uranium..this can rise but AUZ has already had the rise..all im saying is its still highly speculative but now ur paying a higher price so anyhow goodluck punters

[trader]

Have sold my this morning, nearly doubled my money. Good luck to all that still hold, too scary for me.

[petee]

and now look..coming under some heavy selling pressure..this is the problem with these species..need to get into a spec stock with something substantial..having said that if u guys bought in at 3cents u all did great..cheers all

[Fab]

It will keep rising . Nickel is very hot at the moment. Some profit taking is inevitable at this stage :)

[Tekmann]

It will keep rising . Nickel is very hot at the moment. Some profit taking is inevitable at this stage :)

That's a wise point of view FAB, as some strong support seems to be in at the 10c mark, esp in the last few mins (4m extra) and despite selling pressure and b vs s reversal, it's seems to be holding around 10c, hence not free falling like NLX recently (down 20%)

Cheers
Tekmann

[trader]

In the 10 cents buying range are three orders that mightn't stay, one for
3 million and 2 for a million, these are just orders to keep the price up.

[JoshyJ]

In my opinion this will drop alot. Depth doesnt look that good to look at and the chart shows a pattern.

[JoshyJ]

Didnt even notice it already dropped, stupid me. :p:

[Tekmann]

In my opinion this will drop alot. Depth doesnt look that good to look at and the chart shows a pattern.

Hi Joshy.

Can you put up your chart and pattern on what you see please ;)

I picked up some at 9.5 but wish the bank allowed more in HINGSIGHT. :D

[Fab]

May day may day . Gooooing down. Will go back up I hope :) :)

[Tekmann]

May day may day . Gooooing down. Will go back up I hope :) :)

RODGER that May Day, Tekmann advises to stay on your vessel (IMO) take all the emotion out of the May Day, pull out your charts, and soon you will be in safer waters.

Disclaimer: Unless you choose to abandon ship and start swimming back to shore with perhaps nothing but the shirt on your backkk :eek: ?????

>> :D Sorry all I could come up with at such short notice :D <<

[Fab]

Not that bad after all. All 6% drop. Pretty please with that result. It 's holding up well

[RobinHood]

This is ridiculously climactic. Chart showing smart money has sold into this last run of pigs. It is coming down substantially or beginning a long consolidation.

[Fab]

Is that one going to go up today ???

[trader]

No, not today.

[Fab]

Why not ?

[petee]

No, not today.
hahahahaha..a good correct simple answer :D

[trader]

Why not ?

Because @ 0.096 - 0.095 - 0.093 cents are 1,000,000 share orders that will
not stay there, they will disappear and whats left will not hold up the price.
Expect it to drop to 8 cents range where it will stay until next ann and then
depending on its value it will either shoot back up or drop further.

[petee]

Why not ?
seriously Fab blind freddy could see this one coming way back..look at the depth now..i told u all yesterday its gonna be very week now but noone listened umm i think one did he got out..ill buy back in at 3cents again..happy trading

[Tekmann]

Because @ 0.096 - 0.095 - 0.093 cents are 1,000,000 share orders that will
not stay there, they will disappear and whats left will not hold up the price.
Expect it to drop to 8 cents range where it will stay until next ann and then
depending on its value it will either shoot back up or drop further.

Hi Trader,

IF this gets throught the mornings selloff, and hovers around the 8.8c-9c mark, do you think it will fall further [today] as there's no real support right throught the depth anywhere...

From what I've seen (IMO) if a promising stock falls heavily (15%-30%) in 1-2 days then the bargin hunters will come in and buy either way, unless negative news....but just a what price is the question

What has been the catalist that takes the hype out of the stock in the last 2 days...Is it well overdue for time vs price rule...as no news either way....

EDIT: Looks like they're comming In.

Tekmann

[Fab]

Ok what is the real reason why this stock rose so fast? Are they producing yet?

[Sodapop]

Ok what is the real reason why this stock rose so fast? Are they producing yet?

Do you even make at least a mininmal effort into researching what you buy - or do you just follow the rest of the Lemmings off the cliff into the cold dark sea???

If you made a even a minimal effort you wouldn`t ask that last part...

Piece of advice - before you buy anything - at least make a cursory evaluation of a few qtrlies and other recent anns.... and then make a buying decision... Anyway that`s what i would advise after being burned/shafted in my early days buying the days/weeks "hot stock"... and it will save you $$$ in the long run...

For the record AUZ are producing and have been for a while - since `03 or so...

:banghead:

[Fab]

Sodapop,

You are completely correct. I did not research this one at all. I just went with the flow and knowing that Nickel is forecast to stay very high that is the basic research I did. Which is far from being enough I agree but then this penny stock can be very very rewarding if you buy them at the right time. Time will tell. I guess what I invested in this one I am happy to loose if it goes the wrong direction :)
Thanks for your advise anyway

[Fab]

Going back up in good volume. Looks like 0.88 - 089 might have been a resistance point :)

[Fab]

Looks to me like this one will rise today to 0.10 and won't be able to go much further as there is very strong resistance around 0.10 - 0.11.

[Seneca60BC]

Looks to me like this one will rise today to 0.10 and won't be able to go much further as there is very strong resistance around 0.10 - 0.11.

u still in Fab?

[Fab]

Yep I am still in. Got caught in the rise . When are the results due on this stock ? Appears to be hovering around the low 0.09 and strong resitance around 0.10. Can anyone give more info and their potential.

[Sodapop]

Good qtrly released today... margin of almost $10AUD per pound of Nickel... and confirmation of the go-ahead of the Woodline Open Pit Gold Project... This is about what the market was expecting - remains to be seen how it will react... Also they allude to real the potential for new (significant) sources of Ni Ore within the Blair Mine (remember 100% AUZ Equity - PIO JV excluded... oh i really hope that the agreement pertaining to that was properly drafted - i could see a ####fight developing - if AUZ keep finding significant ore...) extremeties... Remember Kambalda is one of the worlds great Ni Sulphide provinces - so it is not out of the realms of the imaginantion that they find a significant extension... this could be the real kicker - still only ~$40m M.C... and the Marriot Project is in the wings as well... Will continue to hold (of course a decent wedge - at an ave. cost of 0.017 has made me reasonably volatility-resistant)... Tommorrow will tell the story...

[Fab]

Sodapop ,

Unfortunately it looks like not everyone thinks the same way as you today. Down more than 6% :confused:

[Fab]

Still going down. I thought there was a resistance around 0.9 but this has been blown away. where is the next resistance ??

[Sodapop]

I don`t think it`s going to go much lower - considering the last quarterly and what it implied about the companies prospects going forward... A lot of the Johnnie Come latelies and weak holders are getting shaken out (a natural thing after the stellar run...) - and i think accumulators are getting on board... there is a lot of action going on on their tenements (Area 57 exploration drilling, Marriott`s Updip drilling, PIO JV, Woodline Gold Drilling) this quarter and i think some of it could/will have big effects on the share price...

[constable]

its back up at 85 now but i think it should cycle back down by the end of the day forgive me if im wrong but there has been too many players sitting on the rhs for the last 2 weeks

[constable]

at .076 it looks fairly shaken out at the minute any one going back in ? Ive bought back in 50000 @ .076
ps im a gambling addict dont listen to me

[Fab]

It looks like they started some drilling therefore it might go down for a while and then shoot back up if the drilling results are good. Wait and see is the best option at this stage for me.

[Fab]

Up again it did not take long for AUZ to go back to 0.08. Very good sign. Still a lot of interest on this one :)

[constable]

yeah its dropped over 20% from its recent highs so it may slowly build again. i couldnt help grabbing some more 230000av. @ 79 now.
may the force be with u

[Sodapop]

Yeah - i was sweating on it but at the same time i remembered why i bought it (it was severely and (IMHO) unreasonably) undervalued... And this is still a good chance at making further gains in the short-term (esp. if Area 57 and Woodline pan out - and Ni stays high)... and the Mid-Term (Marriott's, Blair Mine Development and the PIO JV)... Like i said Johnnie-Come-Latelies are exiting but - there seems to be plenty of interest in vacuuming up the fruits of their impatience or profit-taking... I am up around 500% but as Jessie Livemore said in 'Reminiscences of a Stock Operator'...

" And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine - that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance."

[petee]

look st the chart i have a feeling this one will have a real correction..its overpriced

[moses]

Don't be too sure. This is the only stock on my watchlist being bought up by smart money while the price is dropping.

[constable]

still having trouble picking auz bottom any thoughts now?

[Sodapop]

still having trouble picking auz bottom any thoughts now?

Wish i knew - of course if i did do you reckon i`d be here???

I think as someone said earlier - the silly money is getting out while smart money is saying "yibbidy yibbida - thank your mother for the rabbits..." - that`s my view anyway...

[constable]

Wish i knew - of course if i did do you reckon i`d be here???

I think as someone said earlier - the silly money is getting out while smart money is saying "yibbidy yibbida - thank your mother for the rabbits..." - that`s my view anyway...

definately eating rabbits now rex :)

[petee]

look st the chart i have a feeling this one will have a real correction..its overpriced
hmmmhate to say i told u all so..anyhow goodluck punters

[Fab]

I am not too sure what should be the real value of this stock but the fact that they are already proiducing is very appealing to me . The problem is it rise very fast recently so some profit taking was inveitable.
I am keeping it for a while

[Fab]

Interesting and unexpected bouce back of AUZ today :eek7:

[canaussieuck]

AUZ is fighting a huge battle between the bulls and bears today, as in previous days. If it manages to carve out a small gain at the end of trading today, suffient supply may be removed to allow a move higher. This is, in my view, a good sign.

Any other thoughts?

[constable]

due for a run sooner or later ,still seems the buyers are holding back.

[Fab]

I am waiting for AUZ to break the 10 c resistance then it should be blue sky. In that regards it is similar to EXT :)

[constable]

I am waiting for AUZ to break the 10 c resistance then it should be blue sky. In that regards it is similar to EXT :)
Their price i feel was lacking credibility due to its huge run, could be a way off yet fab!

[Fab]

up 8% at opening not bad but still a long way from the 10 c mark :)

[nizar]

AUZ is fighting a huge battle between the bulls and bears today, as in previous days. If it manages to carve out a small gain at the end of trading today, suffient supply may be removed to allow a move higher. This is, in my view, a good sign.

Any other thoughts?

This could be a goer i agree. A close near the highs with decent volume (as appears to be) and itll be game on for tomorrow.

[nizar]

Because @ 0.096 - 0.095 - 0.093 cents are 1,000,000 share orders that will
not stay there, they will disappear and whats left will not hold up the price.
Expect it to drop to 8 cents range where it will stay until next ann and then
depending on its value it will either shoot back up or drop further.

From 25/10.

On the ball, trader :D

[tech/a]

Nice and steady.

[Fab]

To me 10 c is the benchmark. I like this stock because it is a cheap one and it already produce something :)

[rub92me]

To me 10 c is the benchmark. I like this stock because it is a cheap one and it already produce something :)
You mean you buy stock because it is cheap in absolute value :confused:

[trader]

I bought back in this morning @ .08 cents and my sell target is 12 cents
this time, going for 50 % increase in 10 days.

[constable]

I bought back in this morning @ .08 cents and my sell target is 12 cents
this time, going for 50 % increase in 10 days.
I bought back in @ .082 cents and my sold target was .085 cents, went for the 3.6% increase in 45 minutes ! :)

[moses]

Don't be too sure. This is the only stock on my watchlist being bought up by smart money while the price is dropping.
That was on the 4th. So maybe the Inside Trader Smart Money Analyzer is good for something. Here is today's image (up till yesterday)...

[trader]

I bought back in @ .082 cents and my sold target was .085 cents, went for the 3.6% increase in 45 minutes ! :)

Well you can just about do it again. Good luck.

[constable]

Well you can just about do it again. Good luck.
She is lit up like a xmas tree on the buyers side now (did get 175k at 82 and still holding 300k at 85 after going back in after the first go .... i will never learn!!

[trader]

Sellers retreating, target today 0.093 cents, getting ready for next ann.

[tech/a]

Bit of technical stuff here.

http://www.aussiestockforums.com/forums/showthread.php?p=92694#post92694

[Fab]

Moving up after consolidating around 0.07. Not sure why so. Sellers seems to have gone :)

[constable]

Sellers retreating, target today 0.093 cents, getting ready for next ann.
holding at 87 after initial flurry but bit of resistance now ........has had a good run last 2 days probably needs a breather. lack of supply could get it over the line tho...

[nizar]

holding at 87 after initial flurry but bit of resistance now ........has had a good run last 2 days probably needs a breather. lack of supply could get it over the line tho...

Im out at 8.2c at breakeven.
Now that im out, brace yourselves for the massive rebound! LOL :D

[constable]

Im out at 8.2c at breakeven.
Now that im out, brace yourselves for the massive rebound! LOL :D
yeah it was touch and go whether it was going to hold recent gains but it has and did so in a fairly ordinary climate. I was tempted to bail but decided to hold as cant see any real reason for it not to continue its recent build. holding with av at 84 . Im sure nizar you'll get opp in morning to jump back on!

[tech/a]

Out on open this is not showing buying pressure,so will step aside till it does---if it does.

[constable]

out at .82, not much there to look at now.

[constable]

back in at .79, i would be interested to see what the smart money is doing to day! Certainly getting supported at .079 now , still well above old support of .07.

[tech/a]

This is a 5 minute chart.

Your a game man.
The Smart money is getting out.

[constable]

This is a 5 minute chart.

Your a game man.
The Smart money is getting out.
yes can i take back those last 10 minutes :banghead:

[zombie_ninja]

Wow, I think it's a good time to stock up on this one.

[Fab]

Why ? It is not moving up much after the Nickel went up 5% overnight :eek7:

[Fab]

Moving up again. I really think if this one can go past 10 - 10.5 mark it should rocket. :) They have nickel in production which appears to be a very much in demand commodity

[nizar]

Moving up again. I really think if this one can go past 10 - 10.5 mark it should rocket. :) They have nickel in production which appears to be a very much in demand commodity

Still has a lot of work to do.

[constable]

Why ? It is not moving up much after the Nickel went up 5% overnight :eek7:
nickels gone down today in fact ,but i was surprised auz didnt hold up. still seems unsure of it self, its had several goes in the 8 cent region but keeps meeting plenty of resistance. Not sure if you could call it consolidation or not at this stage , still seems fairly thin on depth !

[tech/a]

For interest

[constable]

looks like a strong opening at this stage!

[nizar]

looks like a strong opening at this stage!

Definately one to watch today.
It needs to close above 9c though. Usually has problems there.

[constable]

Definately one to watch today.
It needs to close above 9c though. Usually has problems there.
Cant believe it opened like it did with no depth behind it, and as usual gets knocked back ! certainly got some confidence issues when it gets too far over 80.

[constable]

Auz hasnt closed above 83 since 1/11/06. Friday's close at 85 also broke the 50% retracement and since 22/11/06 has been well above 20 day mv anyone else like to comment?

[constable]

Auz hasnt closed above 83 since 1/11/06. Friday's close at 85 also broke the 50% retracement and since 22/11/06 has been well above 20 day mv anyone else like to comment?
Retracement was taken from 31/10/06 at a close of 94.

[canaussieuck]

Retracement was taken from 31/10/06 at a close of 94.

I think this is starting to look very bullish at the moment. Definatly on my watchlist for tomorrow.

[tech/a]

Auz hasnt closed above 83 since 1/11/06. Friday's close at 85 also broke the 50% retracement and since 22/11/06 has been well above 20 day mv anyone else like to comment?


Post #140 nothing has changed.
Wont change much tommorow either.

[canaussieuck]

Post #140 nothing has changed.
Wont change much tommorow either.

Unfortunatly Tech, i can't read #140, nor any other of you posts that contain charts. They come up with a little X in a box as a picture that would not download and then they send MS explorer to the "Cannot find Server" webpage and then i can't get back into ASF for several minutes after that.

I've told Joe but he's not worked it out yet.

Can you elaborate on why the chart does not look bullish to you?

Cheers,

[constable]

Thanks guys. Yeah look i think it probably needs to close at 88 to be certain of another run but definately worth keepng an eye on it mon/tue. We need the 'big kev' volume to return!

[tech/a]

C

Contract the chart so that your only looking at October,November and december. You'll note that the triangle now looks like a strung out range which has clear top and bottom support and resistance.

There has been no support or sell off indicated in volume so at the moment its drifting in no mans land.
Either those holding will get imparient and dump or those waiting for value will ge impatient and buy it up.
There appears to be more buy volume than sell so there could be accumulation.
I personally will leave it alone until it becomes clear.
Others will hold,others will buy now.

[constable]

C

Contract the chart so that your only looking at October,November and december. You'll note that the triangle now looks like a strung out range which has clear top and bottom support and resistance.

There has been no support or sell off indicated in volume so at the moment its drifting in no mans land.
Either those holding will get imparient and dump or those waiting for value will ge impatient and buy it up.
There appears to be more buy volume than sell so there could be accumulation.
I personally will leave it alone until it becomes clear.
Others will hold,others will buy now.
agreed tech, but if it can break 88 which is the 50% retracement from it peak at 10.5 cents would you be convinced ? It does seem to be trending upwards, but like you say there is no real clear indication. hmm might be a case of - if in doubt stay out! (stole that).

[canaussieuck]

Cool, thanks mate. I was thinking that given the apparent lack of sellers now, that if there was another positive announcement, the trust on good volume could be quite powerful. This could make for an opportunity.

Cheers,

[tech/a]

agreed tech, but if it can break 88 which is the 50% retracement from it peak at 10.5 cents would you be convinced ? It does seem to be trending upwards, but like you say there is no real clear indication. hmm might be a case of - if in doubt stay out! (stole that).

Well I presume your using a fib level.
The retracement (Firstly) is dependant where you place the fib level from,
The full up move is from around 16/8.
Place this on the chart and youll see the long tail on 8/11 touches the 50% retracement level of the entire move.
This suggests that the up move is pretty average,a strong trending move will retrace less 38.2 or 23.6.
But remember these are only levels to watch,they arent set in stone.

Once it reverses from a level then the remaining levels have little to no value,in my veiw.Some will throw all sorts of indicators on the chart looking for things that will support their veiw.

From here I would be looking for volume and price action.
10c is going to be tough for this to break and its not uncommon to see the recient high re tested--this doesnt seem to be indicated yet.

Personally I take selloffs as quick as possible so that I can be free to trade something else that IS moving.Sure I get it wrong but more often price drifts lower than my sell and I'm in something that is off again.
I'll only stay in something drifting which is either in profit or above my trailing stop in a short term trade and I dont need the funds for one which is obviously going up and away.

[constable]

Well I presume your using a fib level.
The retracement (Firstly) is dependant where you place the fib level from,
The full up move is from around 16/8.
Place this on the chart and youll see the long tail on 8/11 touches the 50% retracement level of the entire move.
This suggests that the up move is pretty average,a strong trending move will retrace less 38.2 or 23.6.
But remember these are only levels to watch,they arent set in stone.

Once it reverses from a level then the remaining levels have little to no value,in my veiw.Some will throw all sorts of indicators on the chart looking for things that will support their veiw.

From here I would be looking for volume and price action.
10c is going to be tough for this to break and its not uncommon to see the recient high re tested--this doesnt seem to be indicated yet.

Personally I take selloffs as quick as possible so that I can be free to trade something else that IS moving.Sure I get it wrong but more often price drifts lower than my sell and I'm in something that is off again.
I'll only stay in something drifting which is either in profit or above my trailing stop in a short term trade and I dont need the funds for one which is obviously going up and away.
ta tech , i'll probably spend the next hour on working this out ! much to learn.

[IFocus]

Hi Guys

New to the forum. As you are sure to know some stocks react to fib levels and others totally ignore.

I guess what I am asking do you have a technique or evidence that the fib levels mean any thing on this stock?


Warm regards
Focus

[tech/a]

Hi Focus.

No----No evidence I think it was just mentioned more as an observation more than part of a technical trading methodolgy in this stock.

Just tossing around ideas and opinions.

canaussieack

Perhaps this shows your triangle a little better.

[IFocus]

Hi Tech

There appears seem to be some correlation; Just thinking!

[IFocus]

Doh.... the attachment

[nizar]

Looking promising today.

As usual, as soon as a new milestone is reached, in this case 9cents, the sellers come back, probably those that bought on these levels on the way up and didnt sell or those that bought on the way down and want to get their money back.

[Fab]

Nickel looks good for the foreseable future if you go by this article

http://www.mineweb.net/base_metals/498874.htm

:)

[tech/a]

Looks promosing from the triangle veiw point.
Nice call canaussieuck.

Still feel those levels show will show some resistance,however great volume today.Possibly a lot of those sellers taken out.
Need them to drop off and re surgence of new buyers .

[Sodapop]

I also reckon that there will be a bit of a speed bump if it hits .10 - but it is only a matter of time on this one (and some good luck of course), and i think that .15 will be breached... Cash flow positive production with fully funded or cashflow funded exploration along with realistically probable resource extensions (the ground they have in the Kambalda region now would have to be amongst the most desirable Ni ground in Australia - )... along with the Gold and Marriots project...

[Sodapop]

exploration along with realistically probable resource extensions (the ground they have in the Kambalda region now would have to be amongst the most desirable Ni ground in Australia - )...

Speaking of which - something that must make them something of a takeover target... I don't know of anything concrete (someone on HC made a muttering - it could be a red herring coming from there) - but it is not beyond the realms of possiblility that a small to mid-cap Ni Miner would identify AUZ as a pretty good way to increase tonnages at a pretty low cost (relative to other options) and at current Ni prices nigh on fait accompli (there is plenty of Ni on the tenements - it's finding it that is the toughie) undiscovered economic Ni deposits... Might explain the steady accumulation that has been going on since the price rise and drop... A cashed up mining house could give the tenement the kind of attention it would deserve - the kind of attention that AUZ (now increasingly cashed up) can start to give it... It's almost a pity that the PIO JV was set - at the time it was an expedient move (as AUZ looked the FAR more shaky of the two at the time) - as now AUZ is at the behest of PIO vis a vis the non-Blair mine tenements and their exploration (within the time constraints of the earn-in)... It begs the question - of both getting the T/O treatment to neutralize this issue... I can think of at least one big miner that has a significant holding in PIO that could probably swallow up both at a premium without any dramas (think Carl Sagan)...

As a lot of my posts - this is spitballing, but it does seem plausible...

[nizar]

Sell side stacked all the way to 11c as expected from the previous run.
Will need significant volume to get through them.
Looking good though.

[Raging Bull]

AUZ just released news..confirming results. Seems to be in a trading halt with sellers mounting down to .09....

I thought the news sounded good? :confused:

[Raging Bull]

Trading again.. dropped to .091..

[Tekmann]

No Blue skies 2day...??? :banghead:

[tech/a]

Sometimes you can be lucky.

Bought on open when it fell back to open I sold.

Went and bought some lunch and I see all this has happened.

[nizar]

No Blue skies 2day...??? :banghead:

Stopped out.

[Tekmann]

Luck + Timing = $$$ :p:

[constable]

in at 87 yesterday out at open ( blue skies in my back pocket !) sorry to gloat! :)
probably should mention that im still down for the week and like all punters dont like mentioning that! :)

[Raging Bull]

Can someone shed some light on this for me please..

So the news released today was really non-news. Not really positive nor negative, just a note to let us know drilling has commenced right?

Why would this cause the sp to drop from .095 to .088? Where there enough traders that entered this stock over the last days (due to chart analysis) in the expectation of good news? When this didn't materialise it caused a mini sell off and correction back down to previous support (or just above it)?

Am I seeing this right?

cheers
RB

[constable]

Can someone shed some light on this for me please..

So the news released today was really non-news. Not really positive nor negative, just a note to let us know drilling has commenced right?

Why would this cause the sp to drop from .095 to .088? Where there enough traders that entered this stock over the last days (due to chart analysis) in the expectation of good news? When this didn't materialise it caused a mini sell off and correction back down to previous support (or just above it)?

Am I seeing this right?

cheers
RB
Mate, it just goes to show how fickle the market can be!

[Raging Bull]

Thanks.. I take this as a yes.. or most probable.

[mick2006]

anyone currently holding?

one operating nickel mine earning $1 million a month profit, and working towards restarting and second.

looks good value at 0.083

exploration results due before end of december with likely upgrade to blair mine resource.

any thoughts?

[beach]

hi all
interesting times ahead for AUZ one feels, was just triing to find out if woodline1 gold play has any more upside potential other than the 12000oz au. they are using the open cut method does this mean that its closed off down dip and along strike and the 12000 oz AU is it. or is there potential to increase AU. have looked through all asx and company website announcments and doesnt say it has any upside potential but that doesnrt mean it hasnt, hope someone here might know, thanks regards beach :cool:

[constable]

Bought back into auz at the close as I cant see it breaking thru the support at 8 cents. Although i am wary that they have broken away somewhat from their upward trend and drifting imo. Anyrate awaiting a correction back to that same trend. I cant remember if there are further drill results due but if anyone can enlighten me feel free.

[Fab]

I am holding as the nickel forecast sounds pretty good for 2007. :)

[mick2006]

Drilling results are due on Blair Mine before years end, if you read earlier announcements it states that the results will be released before the end of the december quarter.

Company seems really undervalued at the moment current positive cashflow of $1 million a month, which gives them a good leg up towards bringing the Marriot Nickel mine into production.

Hopefully a good increase in the blair mine reserves will get the share price heading back in the right direction.

[Fab]

Drilling results are due on Blair Mine before years end, if you read earlier announcements it states that the results will be released before the end of the december quarter.

Company seems really undervalued at the moment current positive cashflow of $1 million a month, which gives them a good leg up towards bringing the Marriot Nickel mine into production.

Hopefully a good increase in the blair mine reserves will get the share price heading back in the right direction.

Drilling results have just been released and the share price is going down. They read well to me but then I am not a resource expert :banghead:

[mick2006]

the results just released, was for the joint venture with Pioneer Nickel for the area surrounding but not including the Blair Nickel Mine.

Have patience shortly the drilling results will be announced for the Area 57 extension of the Blair Nickel Mine, when released this should hopefully include a resource and mine life upgrade.

Also don't forget about the Marriot project, where drilling has just commenced. They already have a treatment agreement with BHP for the project, and it should commence once JORC resource is established.

[constable]

Looks like auz gone on holidays already,... down another 4 cents. It hasn't been this low since the 22/11/06. Possible buying opp ? not sure downward trend in motion now but doubt it will get to 7 cents ( previous support 7.1 7.3). Anyone else with thoughts?

[mick2006]

looks like a bit of support around 7.4c, currently awaiting drilling results form the Blair Mine, and currently drilling at the Marriot project hopefully some good news is not far away.

Don't forget they are currently making a profit of just over $1 million a month it certainly helps fund future drilling and expansion.

The Woodline 1 good deposit should also commence operation late in the first quarter of next year, good grade low cost gold operation, another cash flow for future operations.

I currently own 500,000 and just topped up at 7.5c

[constable]

looks like a bit of support around 7.4c, currently awaiting drilling results form the Blair Mine, and currently drilling at the Marriot project hopefully some good news is not far away.

Don't forget they are currently making a profit of just over $1 million a month it certainly helps fund future drilling and expansion.

The Woodline 1 good deposit should also commence operation late in the first quarter of next year, good grade low cost gold operation, another cash flow for future operations.

I currently own 500,000 and just topped up at 7.5c
Yes likewise picked up 100000 at 7.5c and another order in at 7.2c in case there is a quick tanking. Believing this shouldnt stay in the duldrems for more than a couple of days.

[mick2006]

most of the smaller value stocks move in waves following or leading into expected announcements, as AUZ has been fairly quiet recently it has been put down the list for the day trader, but remember it only takes one announcement to start the ball rolling again.

On the plus side for AUZ they are one of the few micro value miners that have a cash flow positive mine currently in operation and it will be in operation for at least the next two years.

[mick2006]

with nickel up almost 4% in London on Friday night is it time for another run of the nickel mining stocks?

Looks like it has found support around the usd $32000 mark

Does anyone have any views on AUZ, do you think it will stay a day traders stock or will the market ever wake up to the fact that it is already producing nickel and generating very decent profits, to put towards future gold and nickel operations.

Will it take a break above the 10-12c range for investors to seriously consider holding a long term stake in the company or will it continue to be traded on any news, good or bad.

any opinions guys?

[Sodapop]

Hard to say - a lot of it is based on market perception, but i beleive that AUZ is on the cusp of a decent run... As you alluded $$$ coming in and an near term prospects add up to a very promising coy... but once again it is about perception... Traders stock??? - this is nothing compared to the way it was played with when it was in the .01s and .02s... This consolidation merely is shaking out the johnnie come latelies - i have followed this for close to 1 1/2 years and am in for the long haul... thus far it is a 5 bagger - but i am expecting a 10 bagger after the next qtly and if they delineate more obscenely high nickel in the Blair mine and the Au prospect comes in... and the Marriots updip drilling and PIO JV are bonuses...

[mick2006]

just had a look at kitcometals there has been a large drawdown of Nickel stocks on the LME of 500+ tonnes, should bode well for the nickel price overnight.

It bit disappointed with AUZ share price performance at the moment, seems to be hanging around waiting for a spark. If the nickel price remains around the current levels AUZ can expect a profit of 15-20 million this year.

Hopefully the exploration results for the Blair Mine will be released soon and that could be the spark to get the price going again.

Anyone have any views on this one?

[Fab]

just had a look at kitcometals there has been a large drawdown of Nickel stocks on the LME of 500+ tonnes, should bode well for the nickel price overnight.

It bit disappointed with AUZ share price performance at the moment, seems to be hanging around waiting for a spark. If the nickel price remains around the current levels AUZ can expect a profit of 15-20 million this year.

Hopefully the exploration results for the Blair Mine will be released soon and that could be the spark to get the price going again.

Anyone have any views on this one?

I am the same as you mick2006, I am waiting for another spark to get auz going again, these type of stocks seems to be moving by waves

[zombie_ninja]

Just a quick question from a newbie.

How do you calculate the PE of these mining companies such as AUZ?


What are your estimates of AUZ in say 1 year, 2 years?


Thanks in advance.

[zombie_ninja]

Also, what share price do you guys expect AUZ to be at in a year's time?

[mick2006]

a bit of extra buying today, maybe people positioning themselves for the expected exploration announcement.

Any of you guys heard anything on the grapevine?

[nizar]

Time to get back in this one maybe?
Seemed to bounce off 7.3-7.5 levels in the past.

[kennas]

Time to get back in this one maybe?
Seemed to bounce off 7.3-7.5 levels in the past.
Maybe Nizar. I see a tiny bit of resistance at $0.08. The MACD has just started to flatten and converge. It seems to have made a higher low. This might be the start of a reversal but maybe too early to tell IMO. You might have the start of it and have a tight stop in case it doesn't eventuate?

[Fab]

Yes I hold this one and I actually like it even though I bought it at around 0.10. I like the fact that they are a small producer with potential :)

[nizar]

Maybe Nizar. I see a tiny bit of resistance at $0.08. The MACD has just started to flatten and converge. It seems to have made a higher low. This might be the start of a reversal but maybe too early to tell IMO. You might have the start of it and have a tight stop in case it doesn't eventuate?

Kennas, thanks for your thoughts.
Though not normally a move i would trade, you gotta try new things sometimes, and i think i mite have a stab.

Entry at 7.5 if i can and a stop at 7.2 would be the way i play it.

Probably wont at this stage because my internet is playing up :banghead:

[mick2006]

might be worth a look at topping up on AUZ today as BHP and MRE have halted some Nickel operations due to flooding, should put upward pressure on the nickel price again. Also the exploration announcement on Area 57 is long overdue once released it may give the stock a kickstart again.



BHP, Minara Halt Output at Australian Nickel Mines (Update5)

By Madelene Pearson

Jan. 4 (Bloomberg) -- BHP Billiton Ltd. and Minara Resources Ltd., Australia's two largest nickel producers, halted output at mines after heavy rain, possibly adding to pressure on supply of the metal used to make stainless steel.

Pit operations at BHP's Mt. Keith and Leinster mines in Western Australia have halted, Emma Meade, spokeswoman for Melbourne-based BHP said by phone today. Minara stopped output at its Murrin Murrin mine after 75 millimeters (3 inches) of rain, spokesman Willie Rowe said from Perth.

Nickel prices reached the highest in at least 19 years in December as demand from China helped cause a supply shortfall. Use of the metal will outstrip supply by 57,000 metric tons this year, according to BHP, the world's third-largest nickel producer in 2005.

``The nickel market doesn't tend to like interruptions of any kind,'' James Wilson, resource analyst at D.J. Carmichael & Co., said from Perth. ``Any kind of interruption to production or anything like that, the market tends to react badly to those and the price of nickel tends to go up.''

Nickel for three month delivery rose $275, or 0.9 percent, to $32,750 a metric ton on the London Metal Exchange yesterday amid forecasts of downpours in Australia's biggest nickel mining area by the nation's Bureau of Meteorology. The metal surged 147 percent last year.

Shares Drop

Shares in BHP fell 94 cents, or 3.7 percent, to A$24.54 on the Australian Stock Exchange at 1:22 p.m. in Sydney. Shares in Minara, 51 percent owned by Glencore International AG, dropped 32 cents, or 5.7 percent, to A$5.29. Zug, Switzerland-based Glencore is the world's largest commodity trader.

BHP's $2.2 billion Ravensthorpe nickel project to the south of the Leinster and Mt. Keith mines, is ``tying down'' in preparation for the rain, Meade said. BHP's Nickel West operation, which runs the Mt. Keith and Leinster mines, is the world's third-largest producer of nickel in concentrate, the company said on its Web site.

As much as 44 millimeters of rain fell through to 6 a.m. Perth time today at the town of Leonora, located about 200 kilometers (124 miles) south of the Leinster mine, the Bureau of Meteorology said on its Web site.

`Local Flooding'

A deep low weather system, formed out of what was Cyclone Isobel, had produced ``unseasonally heavy'' rain in the region and ``localized flooding,'' the bureau said. Additional falls of 10 to 20 millimeters are forecast for the area later today, the bureau said.

``When the ground gets too soft they obviously can't move the big equipment around safely,'' BHP's Meade said in reference to the closed mine pits.

The poor weather had also slowed some trucking of ore for Mincor Resources NL's four underground nickel mines in the area, Steve Cowle, chief operating officer with Mincor said. Still, he said it wouldn't affect production for the month.

Jubilee Mines NL and Sally Malay Mining Ltd., which also mine nickel in the area, said the rains hadn't disrupted their operations. A Jubilee spokeswoman said it was ``business as usual,'' at its operations. Richard Jordinson, the chief operating officer at Sally Malay, said there had been no major disruptions at its mine.

Cyclone Isobel forced Woodside Petroleum Ltd. and Santos Ltd. to shut down facilities accounting for almost half of Australia's oil output yesterday as it passed near the nation's main crude producing areas.

Processing operations at the Murrin Murrin mine, owned 40 percent by Glencore, won't be affected by the rain as the company has ``significant amounts'' of ore inventories, Minara's Rowe said.

The rain hadn't affected operations at BHP's Kambalda concentrator or the Kalgoorlie smelter yesterday, Meade said

[constable]

little bit of a bounce happening here.

[Fab]

how come is auz not moving up as the Nicke; price has been rising quite strongly

[speves]

This stock tends have a fairly low profile for some reason, however I expect that will be changing soon. A recent article from mining news explains:

AUZ's Blair mine has just undergone an impressive resource upgrade that increased the total resources by 45% to 109,000 tonnes at a grade of 5.19% nickel for 5660t of contained metal.

Global nickel prices are currently soaring due to surging demand out of the expanding economies of China and India, low world stockpiles and a lack of new production coming onstream. Nickel selling on the London Metal Exchange recently surpassed $US30,000 per tonne, having doubled in the past year.

A few quick calculations, therefore, will tell you that Australian Mines is sitting on nickel with an in-ground value of about $220 million. Now, the amazing thing that will have canny investors sit up and take notice – Australian Mines has a market capitalisation of just $14 million.

Australian Mines has been left behind in the latest nickel boom as its peers record sensational share price rises and witness massive increases in their market value. As it slowly chips away at its portfolio, the company has flown under the radar – until now.

With the latest resource upgrade, it is unlikely to stay under the radar for long before brokers, analysts and investors realise the huge discount in the company's value compared to the veritable nickel vault that it is sitting on.

[constable]

graph says it all.....no volume, no interest, no movement and well below moving avgs. Not ideal for traders. Bargain or not, why would you touch it unless it brakes out of its downward trend?

[PureCoco]

Nice report, about time this company moved ahead with so much cash flow so the half M shouldn't be a problem.

"The Marriott’s Nickel Deposit is located on granted mining lease M37/96 and situated 70km south west of the Leinster Nickel Concentrator. The project is owned by BHP Billiton and Australian Mines Ltd has an exclusive option to purchase the tenement for A$500,000 before 30 June 2007. The Company has previously reported the project contains an inferred resource of 550,000 tonnes at 1.4% for 7,500 tonnes of nickel metal.
The current diamond drilling program was designed to test the previous drilling results, conduct metallurgical testwork and test the up-dip potential of the deposit."

[zombie_ninja]

This stock tends have a fairly low profile for some reason, however I expect that will be changing soon. A recent article from mining news explains:

AUZ's Blair mine has just undergone an impressive resource upgrade that increased the total resources by 45% to 109,000 tonnes at a grade of 5.19% nickel for 5660t of contained metal.

Global nickel prices are currently soaring due to surging demand out of the expanding economies of China and India, low world stockpiles and a lack of new production coming onstream. Nickel selling on the London Metal Exchange recently surpassed $US30,000 per tonne, having doubled in the past year.

A few quick calculations, therefore, will tell you that Australian Mines is sitting on nickel with an in-ground value of about $220 million. Now, the amazing thing that will have canny investors sit up and take notice – Australian Mines has a market capitalisation of just $14 million.

Australian Mines has been left behind in the latest nickel boom as its peers record sensational share price rises and witness massive increases in their market value. As it slowly chips away at its portfolio, the company has flown under the radar – until now.

With the latest resource upgrade, it is unlikely to stay under the radar for long before brokers, analysts and investors realise the huge discount in the company's value compared to the veritable nickel vault that it is sitting on.

Why has AUZ been flying under the radar? Is it because their company is not pumping out enough announcements? I mean if a company has good potential, and it has been operating in positive cashflow, what would it take for its share price to go up?

[mick2006]

market finally realising the potential, current nickel miner, at these prices profit of $20 million, plenty of upside from exploration

[Fab]

market finally realising the potential, current nickel miner, at these prices profit of $20 million, plenty of upside from exploration
Indeed it is moving strongly up today. Any reason ??

[mmmmining]

Day traders are moving in.

[zombie_ninja]

Can anyone explain the difference in share prices between AUZ and AGM?


Considering that they're both producers of Nickel. Is it because AGM is the only new Nickel mine coming online this year? I thought AUZ is already producing Nickel, yet their price is so low.

Excuse if me I got any information wrong here.

[Sodapop]

Can anyone explain the difference in share prices between AUZ and AGM?


Considering that they're both producers of Nickel. Is it because AGM is the only new Nickel mine coming online this year? I thought AUZ is already producing Nickel, yet their price is so low.

Excuse if me I got any information wrong here.


I`d say one reason is the fact that AUZ have to toll treat their ore at the BHP (Nee WMC) Kambalda Concentrator... as opposed to AGM who can produce their own concentrates... Also AUZ is simply still under the radar (market perception - that old (but oh so relevant) chestnut) - AGM is heavilly cheerleaded by various parties (vested or otherwise)... and AGM is slated to produce more nickel P/a and for longer (on current knowledge of the orebody than AUZ - stick around though as i think AUZ will continue to increase their avalible Ni metals as well) patience is a virtue - i believe that AUZ`s time will come...

[Tekmann]

Gotta hand it to you Sodapop, there aren't many stocks that I see a poster follow it from start to finish.

If I ever needed to know anything about AUZ, your the man (assuming) I would see.

Keep up the good work.
Cheers
Tekmann

[scsl]

market finally realising the potential, current nickel miner, at these prices profit of $20 million, plenty of upside from exploration
A profit of $20 million and their market cap is only $36 million? :confused:
I follow AGM but have only started to notice AUZ and would appreciate any explanations.

[Sodapop]

Gotta hand it to you Sodapop, there aren't many stocks that I see a poster follow it from start to finish.

If I ever needed to know anything about AUZ, your the man (assuming) I would see.

Keep up the good work.
Cheers
Tekmann

Thanks Tekmann,

But i didn`t do it (follow it from the start) out of charity - i have got (and hope to continue) to get my pound of flesh from this baby!!!

:cool:

Sodapop...

[Fab]

A profit of $20 million and their market cap is only $36 million? :confused:
I follow AGM but have only started to notice AUZ and would appreciate any explanations.
It doesn’t look like this one is unnoticed anymore. It jumped yesterday and keeps on going today. The 10 cents mark should be a strong resistance point. If it goes over in big volume then the sky is the limit :)

[Fab]

I was correct in my last comment the market is showing some interest in AUZ.

[canaussieuck]

market finally realising the potential, current nickel miner, at these prices profit of $20 million, plenty of upside from exploration

From what i can find out, its revenue of $21m, not profit.

Cheers,

[Fab]

As anyone run the ruler on this one. It looks awfully cheap for a Nickel producer specially in the current high nickel price environment ?

[speves]

Some inside gossip going on today with the SP up 8% on high volume and was starting to run at the end of the day.....any holders know whats going on???......ann tomorrow i'm guessing.

[brerwallabi]

Yes nickel was back up, jumped a bit overnight, AUZ could get back to double digits if the nickel shortage continues, canceled warrants on LME will help all nickel stocks tomorrow especially if the DOW flexs its muscles again.

[constable]

Auz has taken off over the last few minutes.

[Fab]

Auz has taken off over the last few minutes.
Yep the problem is 10-11 c is a strong resistance

[speves]

I agree, this needs to break the 9.5c convincingly before it can achieve any "blue sky". Although you would have to say it is primed at the moment to give that a go tomoro.

Any ideas on what sparked todays spurt?...concidering we are only three days on what was a very ordinary ann that had many ducking for cover. :confused:

[Fab]

Just closed at 0.95 in big volume. Any idea why beside the fact that Nickel is at all time high

[speves]

AUZ is now nicely primed to break above the 95c ceiling and actually touched a solid 97c today, if it breaks up tomoro then you would have to say it's all "Blue Sky" from there. I think the huge nickle prices are finally starting to force this low flyer up into the markets radar........picked this one in the Feb Stock Tipping Comp. Two days left in the month........to late me thinks....but happy to be holding :)

[constable]

suprised this stock didnt get a mention today?
Hit 10c albeit briefly which i thought was significant, even tho the test failed and the strong open at 9.9c saw many day traders dump as it eased back , i think that this is only very temporary (note here i am skewed by the fact i bought in at the wrong side of 9.5c!!!!!!). Neverless i am confident auz will break 10c as its been a long time in the making and nickel prices continue upwards.

[Sodapop]

Yes - think this could be one of the stocks to watch this year in the small-cap resources sector... I am more than happy to wait - and see my expectations fulfilled (and if not it was always a fun ride...)... These guys have got so much going for them... except market sentiment (it would seem)... There are so many near term positive price drivers (that actually have real $$$ implications for the quarterlies - remember that!!!) in this stock (Blair Mine Extenstions, Golden Ridge Tenements (Ni - JV and Au 100%), Marriots, Ni Price (unhedged))... This could end up being one of those "i knew i shoulda got in but didn't and look at it now"... Like the Ox was for me about 6 years ago ("I knew i shoulda got in and look at it now")... Good luck to holders - if it's any consolation there's a 7 figure FPO holder (i got in when it was still pretty touch and go about 1 1/2 years ago) here who wont be liquidating into the market yet...

[UMike]

It's been very quiet.

Got Knocked on the first day of the correction but failed to make much ground back since.

[constable]

It's been very quiet.

Got Knocked on the first day of the correction but failed to make much ground back since.
Well it finally looks like its shaping up to recovering some of that lost ground. All bodes well for tommorow with whole lines being taken out in this afternoons trade. Graph also showing its in a trough and due for a run.

[Fab]

Not moving much at the moment even though Nickel price are @ record high. Why?

[nizar]

Not moving much at the moment even though Nickel price are @ record high. Why?

Poor market sentiment

[Fab]

Poor market sentiment
What do you mean? AUZ is a nickel producer if I am not wrong even though not a big one.

[UMike]

There is heaps of support but there are no buyers willing to go up the price ladder.

[constable]

Busted the ceiling at 8.1c

[Fab]

Yep 8.4c now. Great :)

[mmmmining]

Spent some time, and followed a few leads,try to find the reason behind the sharply rising SP.

Maybe it is caused by the Interim Financial Report. The half year profit is 1.27c per share, make AUZ' PE like crazy 3. (2.54c adjusted for full year, and 7.4c SP)

I can hardly find any company with such low PE.

Of course, the higher nickel price save the day to offset the rising production cost.

[Fab]

Finally AUZ seems to be taking some altitude. Up over 6% today in good volume. Hope it continues. I can not believe that with the Nickel price so high this one has not taken off yet

[UMike]

Finally AUZ seems to be taking some altitude. Up over 6% today in good volume. Hope it continues. I can not believe that with the Nickel price so high this one has not taken off yet

Maybe there is a reason for it not to take off.

[Fab]

Maybe there is a reason for it not to take off.

What would that be ?

[UMike]

What would that be ?
That's what I am asking.

[Jus]

yeah, im curious too. was hoping it touches .09 but didn't. volume was low until after lunch. hmmm... why?

[nomore4s]

From a T/A point of view, looks promising. Been in a channel since about Nov last year, looks to be forming an ascending triangle with some resistance at 9c but imo would need to break above 9.5c with good vol (40mil+) a break above 10c would be better obviously, could then get a real run on. I have been watching for awhile, but don't own any yet.

Good luck to all holders. Hope it runs soon

[constable]

From a T/A point of view, looks promising. Been in a channel since about Nov last year, looks to be forming an ascending triangle with some resistance at 9c but imo would need to break above 9.5c with good vol (40mil+) a break above 10c would be better obviously, could then get a real run on. I have been watching for awhile, but don't own any yet.

Good luck to all holders. Hope it runs soon

There are so many similarities between this stock and aex in the way its traded. They must be daytrader specials because as soon as a couple of lines are taken out, every man, woman and child jumps on it and takes it for a spin. The merry go round ends and then it slides back to wait for another go!

[Sodapop]

My feeling is that this is steeling itself for a run into the low teens (and maybe higher) - it is winding itself up like a spring (pun NOT intended!) and A LOT of players are waiting for it to happen - might be a situation where the rise (when/if it comes) will feed itself... Currently there are a lot of players with differing MOs here (like any other stock): daytraders like playing with this as it is easy to get a few (low risk) points out of it, there's also a lot of smart buying (by maybe some in the know???) into the drops when the third group, (i would say silly - but that is my opinion only) punters who don't have the fortitude to stick it out until the next breakthrough (and i'd like to add they might be right - but i don't agree) lose patience/nerve and liquidate...


Fingers crossed that i am right... :)

[Fab]

My feeling is that this is steeling itself for a run into the low teens (and maybe higher) - it is winding itself up like a spring (pun NOT intended!) and A LOT of players are waiting for it to happen - might be a situation where the rise (when/if it comes) will feed itself... Currently there are a lot of players with differing MOs here (like any other stock): daytraders like playing with this as it is easy to get a few (low risk) points out of it, there's also a lot of smart buying (by maybe some in the know???) into the drops when the third group, (i would say silly - but that is my opinion only) punters who don't have the fortitude to stick it out until the next breakthrough (and i'd like to add they might be right - but i don't agree) lose patience/nerve and liquidate...


Fingers crossed that i am right... :)
I hope you are right. I am surprised a nickel producer such as AUZ has not really benefited from the jump in nickel price.

[Fab]

Here we go AUZ has now broken 0.09 convincingly and is trading at 0.094. Good volume. Something is happening :)

[nizar]

Here we go AUZ has now broken 0.09 convincingly and is trading at 0.094. Good volume. Something is happening :)

I will wait until it breaks 10-11c convincingly before taking a position.
Could easily get knocked back there as it usually does.

Buy-gain conditional order at, say, 12 or 12.5, maybe wouldnt be a bad idea.

[Fab]

I will wait until it breaks 10-11c convincingly before taking a position.
Could easily get knocked back there as it usually does.

Buy-gain conditional order at, say, 12 or 12.5, maybe wouldnt be a bad idea.

I agree with that statement. Very strong resistance around 10 - 11 c. So it could fly after that. Look at NIA for example :)

[Fab]

Getting closer to the 10c mark so there seems to be a lot of resistance.

[nomore4s]

Yesterday was the first time AUZ has had a white candle the day after attempting to break out and with the MACD turning up and about to break into positive territory and stoch also looking to move up through 50, all the signs are looking good for an assult at the 10c barrier.
I was expecting a sell down yesterday especially after the first few hours of trading but the buyers came in late in the arvo, so Thur should be interesting to see whether it can gain the momentum to carry it through 10c and beyond.

[constable]

Yesterday was the first time AUZ has had a white candle the day after attempting to break out and with the MACD turning up and about to break into positive territory and stoch also looking to move up through 50, all the signs are looking good for an assult at the 10c barrier.
I was expecting a sell down yesterday especially after the first few hours of trading but the buyers came in late in the arvo, so Thur should be interesting to see whether it can gain the momentum to carry it through 10c and beyond.

Should be interesting nomore4s it is certainly running out of room at the end of that pennant.

[Fab]

AUZ is now getting very close to the 10 cts mark. Looking good:) Will look better if it breaks it convincingly note that volume is very high:)

[zaskar]

AUZ is now getting very close to the 10 cts mark. Looking good:) Will look better if it breaks it convincingly note that volume is very high:)

10.5 actually... some very large buys at 10 cents just then - check the intraday data.. mine lags a bit.