Thanks
@Cyclone Steve - However I would dispute your rather arbitrary percentage allocation to being correct. If you go back over ALL my recent posts including the first one which was then followed on from by Frazer 123 and others , you will find them most accurate as to what has unfolded. The legal interpretation of the ' Option Agreement ' not the call options themselves and the verification of this agreement and its terms in the Annual Report notes and disclosures was the key to getting the understanding correct.
This understanding together with the understanding of the ' nuances ' in the clarification announcement as well as the 10,000,000 share allocation to an employee subsequently resulted in me getting my trade 100% correct when the stock opened yesterday.
Notwithstanding there is significant stock specific news going on here folks. The reality is of course that AUZ is very much hostage to the market ' sensitivities ' surrounding what's occurring and unfolding around us in regards the Global Growth backdrop. Specifically the slowing economy in China. This excerpt from a few hours ago eludes to this aspect by the words and / or , however I would say without a doubt regards to a slowing China. The reason for my view is that I have business colleagues both here as well as China which have confirmed this rather large slowing effect across many sectors of the economy including the elements of domestic private consumption , entertainment and discretionary spending.
We can talk about this all day , and I'm sure you will , however one does have to keep all this in mind when structuring their trading and investment strategies in both AUZ as well as everything else. This of course being only my opinion and not advice. Best of success to all Holders.
Apple chief executive Tim Cook partly blamed weak iPhone sales in China in a letter lowering Apple’s revenue forecast Wednesday, the same day data showed private-manufacturing activity in the second largest economy contracted for the first time in 19 months. Shares of the company plunged more than 9% following the announcement.
Cook also said the technology giant hadn’t anticipated the degree of deceleration taking place there, underscoring expectations for major economies to lose steam in coming months. Bellwether industrial companies also fell Thursday, with Boeing, Caterpillar and 3M shedding as much as 4%.
“This adds fuel to the fire of concerns about slowing global growth and/or a trade war, and compounds this week’s China PMI Manufacturing misses,” Accendo Markets analysts Mike van Dulken and Artjom Hatsaturjants said in an email. “After Tesla announced price cuts, that’s two New Year kicks for the Tech sector which has resumed its October and December sell-off.”
On Wednesday, Tesla said it delivered fewer Model 3 vehicles than expected in the fourth quarter and lowered prices on its models by $US2,000 to help offset federal tax credits that were cut in half this week.
Also keeping investors on edge, the federal government in its second full week of a partial shutdown. House Democrats taking control of the chamber plan to pass a proposal to reopen the government Thursday as the 116th Congress convenes, but it could face opposition in the Senate or from President Donald Trump.
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