Whats your argument? Its simple arithmetic that based on current nickel/cobalt prices the project has a negative NPV.
You're absolutely welcome to place your bets that commodity prices will increase but as of right now, its got a negative valuation (ie: not worth anything).
I haven't been commenting here to not sink the boot in but so many people still don't get it. Not having a go at the company but the writing has been on the wall as said a while ago. The Bergen deal foreshadowed a poor BFS, the poor BFS means no finance and no finance means share price depreciation.
Shareholders are just lucky there hasn't been any borrow available to short this or things would have been much worse.
AUZ Chart, page-4178
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $11.18M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $10.18K | 848.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 35371719 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 434610 | 1 |
View Market Depth
| Last trade - 13.53pm 15/11/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |
