AUZ 7.69% 1.2¢ australian mines limited

So much Volume AUZ, page-301

  1. 68 Posts.
    lightbulb Created with Sketch. 10
    Phones are cheaper and easier replaced than EVs and most ppl are still happy with their petrol guzzlers. The way I observe things it could be a decade before exponential growth when todays petrol guzzlers are in need of replacement. Average people just don't buy a new car every year like phones. They usually hang onto it for 6-10 years.

    A linear growth model makes absolute sense + economic downturns the 'experts' are predicting, might be spooking former investors in the sector. The past highs I would now certainly consider hype for which I unfortunately fell for. I have always been a fan of electrical transport, pretty sure well before most of you, and that would be the reason why I went a bit blindsided into this sector.
    Right now I am thinking that AVZ could be earning money before AUZ due to the simplicity of their project and splitting the risk over several companies can not be a wrong strategy.
    What I hope is if one company successfully starts mining it will kickstart the whole sector again.
    FMG is giving me a little present later this month and I am hoping (almost expecting) further SP drops by then, so I can 'gamble' this money away
    in both AUZ/AVZ because that is all it is, from a common sense perspective, but the odds still look better than lotto.
    They might get 50 million from the Government but how the heck are they going to get the leftover 1250 million when banks have become extremely tight-a with loans ?!





 
watchlist Created with Sketch. Add AUZ (ASX) to my watchlist
(20min delay)
Last
1.2¢
Change
-0.001(7.69%)
Mkt cap ! $11.18M
Open High Low Value Volume
1.2¢ 1.2¢ 1.2¢ $11.7K 975.0K

Buyers (Bids)

No. Vol. Price($)
14 35271719 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 612037 2
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
AUZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.