AUZ 7.69% 1.2¢ australian mines limited

Perfecting the way of the drink seems to be coming along nicely...

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    Perfecting the way of the drink seems to be coming along nicely mate- I was one of those blasted for saying the options wouldn’t be taken up for the last... 3 or more months.
    ( no genius move there- commodity market pricing has been like a Sunday morning hangover dump, but it seems that we may have finally forced the blockage through the S-bend ( cobalt 27’s dumping of the ‘world’s largest physical stockpile’ early last year plus the bit that Katanga threw back on the table before bailing again? ).

    Also, a tad tricky for one to note the potential impact of localized flooding could have... until a flood actually occurs in the relevant area.

    Nickel & cobalt pricing ( as of the 22nd ), should make all of us in the sector breath a sigh of relief.
    Another ray of hope for all here? We can all look at the speed with which the trigger was pulled now on the new CR two ways ( of course negatively from an SP perspective but it is a necessity so I tend to lean away from that ), & one way I see it is that at least they were thinking about contingencies.

    That’s good. If the cashburn could be managed sufficiently so as to provide funds past September ( NAIF timing? ), even if only to say December, it would be a good showing of commitment to financial prudence ( some holders are probably tightening their belts to weather the storm as they see it so why shouldn’t the BOD join them in that? ), by management.

    Don’t take my opener to heart- it’s Sunday & just having a bit of fun. If I was even halfway smart I’d have made a bundle back in November 2017 & not be here much anymore...

    Cheers for the chance to throw a couple of what I see as good things in as I battle the chickens messing up my water garden.

    General question for anyone- what is the go with warehouse levels of cobalt on infomine?
    I got out of lithium because I couldn’t find anything like reliable stocking data.. maybe it’s because they’re doing the ethical/non ethical source measurement split soon?
 
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