TSXV:AUN.H - Post by User
Comment by
JonEcashon Jul 17, 2007 3:14pm
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Post# 13103213
RE: Hungry Buyers
RE: Hungry BuyersI agree, that today's buying volume is making me quite happy about my recent accumulation the last couple of days. Plus I like how the buys were mainly through 2 houses in large blocks (BMO and Morgan Stanley) which to me indicates deeper pocketed investors.
Chart shows that we might finally be making the turn, but we need follow through volume above the 200DMA, and positive news to be the catalyst. Looks like a wedge is forming, and a move one way or another is coming soon IMO. I'm willing to bet that it'll be up.
And Pipe you are pretty close with your calculation for Lead to what I get. However, I believe they are mining metric "tonnes" not tons. And the conversion to pounds is 2,204.6 lbs / tonne. Way back when this was more of a silver, then zinc and even copper play. But with lead making new highs daily, the cash flow is even greater than first anticipated. Market can't help but notice this soon.
J$