Ann: AUZ secures funds to accelerate cobalt and nickel projects, page-268

I would have thought it was becoming obvious to some at least by now , the sings are all there if your not in so deep you just can’t or won’t read them.
The projects economics we marginal from the onset, but now that cobalt just continues to fall I just don’t see anyone prepared to finance it in this climate and is IMO why SK declined a stake in the Co and have invested zero so far.
Another clue is having to raise st 0.029??the market doesn’t always get it right but most of the time it’s clued up to fair value and usually a step ahead with Cos that are just about to make huge announcements etc or alternatively are floundering.
Imo the Co will just drag this out and hope and pray cobalt has another big run if they can hang on that long. Seriously why bother throwing money at drilling Flem, other than another supposed carrot for shareholders.
Anyhow I know plenty will disagree but let’s just watch this play out, there’s a hell of a lot of new freshly printed shares coming soon and that will mean just one thing, they will be out for any profit above there entry imo.