TSXV:AUN.H - Post by User
Comment by
Bentonstockson Sep 11, 2007 3:37pm
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Post# 13375773
Somthing else...
Somthing else...It would be good if some others contacted AUN to see if they get the same story regarding the 43-101. coswil pointed out to me that this is different than what Colin had been telling him, but I do not find this surprising given my experience with Colin and his recent fate.
Another thing that I would like to hear some discussion on is what may happen to AUN if there is another market correction this fall. I have heard that the market may correct back to August levels before climbing again, but even if it does, I am thinking there would be less impact on AUN's SP given that the stock is probably now held by more of the so-called strong hands. People who bought in recently at these levels based on fundamentals and the AUN story, I think are unlikely to be scared out of the stock if there is another shake-out. Non?
I think if the price does drop, it will be on very low volumes probably triggered by stink bids. It would be easy for people placing stink bids to get them filled if a few people pannick again and sell.
In theory, and in my opinion, we could cause a technical breakdown of our stock by placing stink bids in low volume environment.
Therefore, my hope is that we take action to support and protect our SP if we believe we are in delicate situation right now with the delayed 43-101 and the general market sentiment. I would much rather see a jump from the +$1 lvel on the release of the 43-101, than from say $0.80.
At any rate, feel free to attack me on this. I'd rather see some vigourous discussion and findout why I am wrong, than have my thinking unchallenged.
Regards,
B.