CS that's what I was hinting at in my earlier post $5m is well...

CS that's what I was hinting at in my earlier post $5m is well short of the $80m SK equity take up. While I acknowledge the CR won't be great in the short to medium term for the sp, my view is something is cooking, more than $5m is needed........

AUZ really is at the crossroads, some things have panned out ok e.g pretty good drill program results and other things not great like SK not stumping up for their equity position.

However......"if" AUZ can get through this hiccup, NAIF decision is favourable and they do get finance then they will be better off with no discount caveat over the Ni and Co.

With an updated BFS on the way, proven process flows to produce battery grade product along with global change in the way we consume electricity personally I am holding and not locking in a loss as with some good news flow things MIGHT be very different as early as December 2019.

I am debating wether it is smart for myself to average down further, or just hold and put what I have in the bottom draw for a couple of years.

For those still in the green I can understand considering taking some cash off the table, but for many of us that are red we need to make a decision wether we back in some good news flow in the coming months.

My gut feel is that the $5m CR which is pretty small MAY be a window to a positive Ann in the not too distant future.

But gee I've been wrong to this point......