Ann: Half Year Accounts, page-90

The fundamentals ledger is getting more unbalanced as we progress... There's been a lot of undelivered 'certainties' over the last 12 months... Obviously the macro nickel/cobalt price has made this process far more difficult for management. As a result, I'm having major doubts that AUZ can survive this pro-longed famine period with production so far off & the 'in discussions with lenders' tag-line wearing thin after at least 12 months of hearing it.

The twitter feed attempts to appease us with cute gifs spouting comments such as 'good things come to those who wait', where in reality, those who have waited have lost 75% of their initial investment.

I get the 'SK need what we have' line - but SK can get this in many other places and may have just been looking to settle Merc's conditional supply agreement at the time with AUZ. They did sign the binding off-take agreement when the market price was very different.

IDK, am I holding for emotional reasons? Am I being pragmatic enough with my investment decisions?