AUZ Chart, page-3880

My take on what’s going on ,
Rome wasn’t built in a day !
Important and big things take time to happen ...

I believe Fundamentals are strong except three things which haven’t gone in our favour in last 15 months ,
- Cobalt / Nickel prices downturn last year and Nickel is already moving in upward direction now & Overall industry / sector pullback .
- SKI not putting any money down and optimism on options to be exercised by SKI which didn’t happen .
- Capital raising done a little late , should have raised $8-10mn from sophisticated investors around .085 cent levels during Burgen deal rather than doing 4mn Bergen and $5mn raise at .029.


Having said that they did achieve a lot in last 18 months and have definitely progressed from being a minor junior to a serious player , such as :
- Having 100% ownership interest in all projects .
- Skoni BFS release and decent annual revenue $512mn with a potential to have further improvement . Zero reflection of this in price as depends on financing and improved BFS.
- Offtake agreement with SKI , and zero reflection in price at this stage as zero skin in the game by SKI .
- Hiring and building up the team for future , not reflected in share price as we will see the magic of Marcus when he gets us some amazing finance deals and minimises our taxes once we are in production .
- Getting the prescribed status project from government , no reflection in price as waiting for clarity on SKI commitment and how much govt will fund and what the finance deal looks like .
- Demo plant testing and samples delivered .
- Finance deal discussions and closed door negotiations.

I believe once we start ticking of some
off the contingencies which is expected very soon and with the improvement in Nickel and Cobalt prices we will see a solid recovery . ( next 90 days LFA SKI agreement,
Naïf update , revised BFS, Scandium update and offtakr,
Finance update and Flemington update )

Its obviously sucked in lots of punters and those who are short term / mid term traders aren’t happy as they are stuck and someone like me who was mid term holder have changed my strategy to be a long term (3-5 years)holder for 50% of my stock and have mid to long term position (12-20 months) view on other 50% of my stock.

i made ( on paper a decent 5 digit profit ) on this beauty between Aug 17 to Mar 18 & had a free carry of 1 mn units by mid last year and now I have accumulated again as I kept on buying on every drop and all my profits are back in again and I hold around 4mn units & I am not panicking . I believe in what’s happening and I anxiously wait on what’s forthcoming ...

good luck & goodthingswillcomesoon.

cheers
TG