FAU 0.00% 1.4¢ first au limited

The bigger sell down and volume came straight after the shares...

  1. 104 Posts.
    lightbulb Created with Sketch. 9
    The bigger sell down and volume came straight after the shares came out of escrow on the 30th of November, which, if FAU were on schedule would have been a week after finishing drilling. So perhaps they belonged to a broker who wanted to cash in. Who knows.

    They said results were expected in December, not early December. Here's the text from the announcement on the 8th of November.


    ..."The RC holes will be drilled to vertical depths of 100-250m to target mineralisation below and along strike fromthat intersected in the aircore drilling. Once RC drilling has been completed, a further 3000m of aircore drillingis planned to test the northern extension of this structure.

    Initial results for this drilling are expected in December..."


    Volume is down to a next to nothing over the last few days. Just 200,000 today and zero yesterday.

    https://hotcopper.com.au/data/attachments/1382/1382001-b434cdc2aecb139d6e386ce207c25e68.jpg

 
watchlist Created with Sketch. Add FAU (ASX) to my watchlist
(20min delay)
Last
1.4¢
Change
0.000(0.00%)
Mkt cap ! $3.664M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 767966 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 238385 2
View Market Depth
Last update - 10.13am 17/06/2019 (20 minute delay) ?
FAU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.