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AuQ Gold Mining Inc V.AUQ

Alternate Symbol(s):  NSVLF

AuQ Gold Mining Inc. is a Canada-based mineral exploration company. It is engaged in the acquisition, exploration and development of mineral property assets in Canada. Its Lac Bruce lithium properties are located in the vicinity of the Mia Li-1 and Mia Li-2 lithium occurrences in the James Bay region of Northern Quebec. Its West Block comprises 61 claims covering over 3,150 hectares (31.5 square kilometers (km2)). Its Central Block comprises 46 claims covering over 2,380 hectares (23.8 km2). Its East Block comprises 26 claims covering over 1,340 hectares (13.40 km2). Its Partridge gold project is located in the Abitibi region of northwestern Quebec, over 25 kilometers (km) north-northwest of the town of La Sarre and 720 km northwest of Montreal. Partridge gold project comprises several claims’ blocks covering over 106 km2. Its Eliza is located in the James Bay region of northwestern Quebec, over 300 km north of Matagami, 500 km north of Val d’Or and 820 km northwest of Montreal.


TSXV:AUQ - Post by User

Bullboard Posts
Post by myamigoon Sep 22, 2011 12:40pm
313 Views
Post# 19072352

She's ripe!

She's ripe!
I had a sense that we we're building to something so I thought I'd do a little analysis. Here's the 6 month chart for NSV. Key dates are Aug 3rd when the price started dropping to 0.03 and Sep 1st when the price crashed and volume rocketed.


From a net house summary I've determined that the volume traded and average share price for the period from Aug 3 - Sep 1 is 6.45M @ 0.036
https://i1092.photobucket.com/albums/i414/myamigo/NSV_House_trades_Aug3-Sep1.jpg

For the subsequent period from Sep 2 - present it is 10.5M @ 0.022
https://i1092.photobucket.com/albums/i414/myamigo/NSV_House_trades_Sep2-Sep22.jpg

From the order book table (below) there are over 5M shares lined up at 0.055 and under. The traders that picked up shares between Aug 3 & Sep 1 won't want to dump them until they're well into the black once this thing starts so they're out of the picture probably until the share price climbs to about 0.055 (I'm sure a 50% profit would sit well with them). So that's when you might expect to see their orders show up (if they're not already posted).

That leaves the 10.5M @ .022 AVG. From the following table there are about 5M shares lined up at .055 and below, .055 being the majic number for the 1st lot of holders. Just imagine if someone, or some institution, with deep enough pockets decided to sccop them up right now. I calculate that it would take $172,230 to clear everythign up to 0.055.... What impact do you think that would have? I expect you would see a rush for many of the remaining holders to get their sell orders on the books at higher prices (obviously) and others trying to get back in to buy into what they believe is a runaway breakout. Raise your hand if this sounds like something you've seen.

I believe that the holders from the 1st lot (6.45M @ 0.036 AVG) and many of the 2nd lot (5M @ 0.022) will completely saturate the market as they rush to get their sell orders placed and that this will quickly put a brake on the breakout. We'll see an overshoot of course but it will peter out and we should eventually see a retracement to about 0.035 since that is the average price that the 1st lot bought at and they will be reluctant to sell. All this will happen fairly quickly.


At any rate this is fairly well setup. The massive ASK volume is a good thing. All we need is a catalyst to get this moving.

Say Brother? Can you spare $172,230? ;-)

Just my opinion of course :-)
Bullboard Posts