KauaiTrader
Posted - 17 hours ago
$IAUX I think we just dodged a breakdown on this stock. I was waiting to buy more if it occurred but will now sit on my hands. I had sell orders in last night @ $1.32 to reduce some of my overweighed exposure but pulled them earlier today. The volume and block sizes have been confirming byers are in control so I will wait for the $1.50 zone to reconsider. Happy Easter .
Wengreen
Posted - 21 hours ago
$IAUX what a wild pattern here for the last hour
KauaiTrader
Posted - 1 day ago
$IAUX Quite the battle today between bulls and bears. 1.5m shares, 20% of the entire day's volume traded from 3:49 to 3:44 in large blocks which had the earmarks of shorts possibly covering. Maybe we do hold this line and start a move up next week. Despite my cautious stance I got filled for another 5,000 shares at $1.24 from an order placed earlier today. Luckily the MJ stocks had a spectacular day / week to ease the concern of being too top heavy in this miner.
KauaiTrader
Posted - 1 day ago
@slavi311 Traditional chartists claim the lowest price target of descending triangle is the amount of the highest part of the triangle minus the base. That would decimate this stock down to $.60. That would be too extreme by any metric. My guess is the shorts will target the $1.00 zone. If they can push it below $1.00 long enough the NYSE will $IAUX R/S giving more meat on the bone for the shorts to continue their campaign unless we get some catalysts. My guess is one of the large miners with deep pockets is purposely shorting the stock prior to making a low ball buyout offer. I have seen it before in the PM segment. The most curious was Marathon last year. I do not think Calibre was the one but the mine was nearly complete with just a small percentage of CAPEX left, first pour in less than a year on good reserves and M&I ounces. Management like Downie putting out regular updates to fight the price drop to no avail and then sold out shareholders for 50% less than true value.
KauaiTrader
Posted - 1 day ago
@Bakerman_06 $IAUX Me too. Sort of a I would hate to see my existing shares worth less but would love to add more cheapies in big tranches. It is still teetering on that $1.24 base. If Ewan Downie can get the JV partner to sign off ASAP it will catapult from that floor. Everyday it sits there without the catalyst or when they ultimately smash gold again could be the start of the drop. I am contemplating some GTC orders below if we get the spike. Do you subscribe to the Seeking Alpha website? It is free and a friend of mine writes the best analysis of precious metals.
KauaiTrader
Posted - 2 days ago
$IAUX Big volume day. Once again a run up and slap down. Like yesterday, the short volume was 20+% of the day's volume. This is a case of technical trading not fundies. Short sales are now 8.4% of the float and they are trying hard for a final leg down. If they can break that $1.24 floor, which has been in place for 5 months, the technical selling will be nasty and create an unbelievable buying opportunity if you understand trading PMs. The high volume and close at the low today shows they are spending a lot of firepower. I know this company inside and out and have performed extensive DD for this trade. Added another 4000 at $1.26 today and will be a significant buyer if shorts win the day. I am sure the analysts are wondering too what is going on. I have a few ideas.
Fibonacci_Durag
Posted - 2 days ago
$IAUX I had an order in at $1.25 to buy but it didn’t fill. Granted I placed it very late. Will maybe add tomorrow but well shall see
Bakerman_06
Posted - 2 days ago
$IAUX up 8% and a red finish. Anybody have any insight to what is happening?
MGL1
Posted - 2 days ago
$IAUX good to see volume finally picking up. Fully allocated now just waiting for the correction.
Fibonacci_Durag
Posted - 2 days ago
Let’s get it gold! New all time high coming soon let’s get it. $NFGC $IAUX $BTG
Monist
Posted - 3 days ago
$IAUX Something seems wrong with this...
KauaiTrader
Posted - 5 days ago
$GDX $GDXJ I did a bit of research last night . Most of the large miners like $NEM $GOLD and soon to be $IAUX in Nevada are on BLM lands with long term leases that policy changes will not be an issue. The issue will come with expansion of new mines, especially open pit on greenfield lands. That will make companies with substantial leases for expanding mine reserves the best positioned. It will be the most difficult for explorers. I think this BLM articles yesterday hit $IAUX shares more than the gold pullback because most if not all of their projects are on BLM lands. It was kneejerk and without a basis as they are all locked in with long term contract especially on the 4 mine locations and their massive expansion parcels. The pullback in gold, per the charts this morning may be deeper than I originally thought at the first support around $2150. The breakout to new all time highs was strong but I will continue selling calls on my positions to hedge and reduce my share costs.
KauaiTrader
Posted - 6 days ago
$IAUX @Bakerman_06 Gold had a nice breakout and due for a pullback. When it finds support I will be buying more. I am looking for support around $2150. I stayed neutral by selling a lot of calls options on my positions. Wish $IAUX had options but my cost basis is $1.30. The explorers and developers are still ignored / hated. Investors are frustrated and sell when spot gold goes up more than their stocks. Most investors do not understand the dynamics / cycles of PM investing. Study the Lassonde Curve and you are halfway to choosing the right stocks. Know that explorers / developers are like early biotechs working toward a product that can create shareholder wealth. I bought 5000 Kirkland Lake in early 2017 in my IRA under $6. 2018 it was $15, 2019 it took off passing $35 and I sold it for ~$49 in Aug. I am 100% confident $IAUX is on a similar path and will pay very well. The CEO is buying millions of shares on the open market and very smart. I have 30k so far and headed for 50K.
Fibonacci_Durag
Posted - 6 days ago
$IAUX I also added at $1.30 today, current average cost $1.32
KauaiTrader
Posted - 6 days ago
$IAUX Thank you to the sellers. Added 10k shares at $1.30. That makes a nice gift at the end of a good trading week.
MGL1
Posted - 6 days ago
$IAUX bought back 20% stake at 1.31
Monist
Posted - 6 days ago
$IAUX Dang....I'm early to the party as usual
Fibonacci_Durag
Posted - 6 days ago
$IAUX Going to put a limit order in at a lower price than what we’re at. If it fills or not I don’t really care it’s profit from somewhere else and I’m still not fully back allocated here after taking profit at $1.55
Monist
Posted - 6 days ago
$IAUX Back in. 32k shares @ 1.36
KauaiTrader
Posted - 1 week ago
$IAUX Trading while airborne from a quick trip to San Francisco. Taking some $1.38 after selling 1/2 on the last pop. Still potentially the next $NEM with 100% Tier 1 Nevada holdings. JV announcement between now and May will take the pressure off of how these mine builders will economically develop 4 mines in 4 years. If any team can get it done it is Ewan and his veteran team.
Fibonacci_Durag
Posted - 1 week ago
$IAUX Added some
KauaiTrader
Posted - 1 week ago
@Bakerman_06 I still have 1l2 my shares of $IAUX and ready to add. Doubtful it goes back to $1.25 level but mid $1.30s are a good entry. They will announce their JV deal on Ruby within 55 days which should be the start of a steady climb. They have so many options to grow on several assests, having 1 of the 3 autoclaves in Nevada will be a cash cow in its own right. They cost $ 1 billion to start from scratch and they got it for a song.
If you hold these shares 3 years they will be $15 or more.
Monist
Posted - 1 week ago
$IAUX POS!
BeBWats0n
Posted - 2 weeks ago
$IAUX Just listened to the earnings call. Patience will pay big here $$
Stock_Titan
Posted - 2 weeks ago
$IAUX i-80 Gold Reports Q4 and Full Year 2023 Operating Results
https://www.stocktitan.net/news/IAUX/i-80-gold-reports-q4-and-full-year-2023-operating-dplymm5k8kom.html
Fibonacci_Durag
Posted - 2 weeks ago
Will be looking to put my $IAUX profits I took at $1.55 and put some into $BTG on some pullback
Fibonacci_Durag
Posted - 2 weeks ago
$IAUX Took a tad more profit at $1.55 this morning.
Fibonacci_Durag
Posted - 2 weeks ago
@KauaiTrader I also locked in some nice gains on some plays such as $IAUX at $1.55
Fibonacci_Durag
Posted - 2 weeks ago
$IAUX Average sitting at $1.36 is it Monday yet lol love it