AUZ 7.69% 1.2¢ australian mines limited

AUZ Chart, page-3761

  1. 376 Posts.
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    Hi Hingdog, A couple of things the "experts" have given the forum is valid explanation of the differences in process, ore types and mining and processing techniques in general in the Nickel / cobalt space and I thank them for that.

    They have also posted articles that look at the broader market detail - Current resource quantities in storage, ethical considerations with regards the DRC and trends in EV uptake and emerging technologies to challenge the current direction the market is travelling in.

    Please remember there's a considerable number of investors who brought in on the 0.06 to 0.09 range and we have room to move, I'm sure and your ilk are pleased for us. We brought in on fundamentals which have only improved over the last few years. If you think the only thing that matters on an investment is its day to day share price good for you however I never have taken such a simplistic view myself and wouldn't encourage anyone to follow in that vein.

    So having stated on many, many occasions now how you and others were rubbished for your sentiment when the stock price was up and you are now correct.....given a number of reasons can we get back on with just discussing the stock and providing some semblance of support for our views other than "I told you so one liners".

    Why would an investor still be on this stock...….

    1. The down turn in EV resource stock valuations has followed this trend across the board - Its a broader trend not company specific.
    2. The Sconi BFS and independent reviews put the project in the top end of feasible projects yet to be developed.
    3. The company has been able to bring in industry experts Sophia / Marcus to assist it as it makes a move from explorer to miner. (You should have seen the state of their web page a couple of years ago.)
    4. They are exploring further markets for their resource base - Scandium - alloys and fuel cells.
    5. Their key project focus has government support and they are in discussions with a potential client to finalise offtake agreement terms.
    6. Large investment funds are pulling money out of oil and looking to place it in other industries to balance their risk for the future....?
    7. Revised BFS for Sconi due out in April
    8. Planning underway for Flemington resource expansion program (financed)

    Why not invest in AUZ,

    1. See better value in other spec stocks - which at this end of the market can be rather subjective...But you need to back your decisions in.
    2. SK didn't take up the 19% option. - Lets face it they aren't a charity.
    3. A belief that new near term technologies will see these resource demands relax?
    4. Not happy with the current IIR 15% for Sconi
    5. To much SP dilution.
    6. Not happy with the slippage between deliverable dates and delivered dates for announced corporate goals.
    7. Bearish on long term Nickel / cobalt prices.
    8. Just don't like the BoD?

    Why sit on the sidelines not holding and constantly post I told you so posts ?

    1. You tell me.





    Last edited by ironlung: 19/03/19
 
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Last
1.2¢
Change
-0.001(7.69%)
Mkt cap ! $11.18M
Open High Low Value Volume
1.2¢ 1.2¢ 1.2¢ $11.7K 975.0K

Buyers (Bids)

No. Vol. Price($)
14 35271719 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 612037 2
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
AUZ (ASX) Chart
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