new mining laws - fact or fiction?..., page-41

Hello everyone,

I am in the process of revaluating my current holds to see if the position I hold is still warranted. I also invest large portions of my companies money into the ASX so it is also a part of my job to be honest with the decisions I have made with other peoples money. Which leads me to AUQ....I found this company when the buzz around the market was Lithium and the pending boom for the Electric car was all the rage, Lithium stocks went crazy and peoples outlook went sky high. So I thought I would look into what economies would suffer if this was to happen, economies who became so arrogant over their dependence on oil they forgot to plan for the future (not hard to find), which led me to Vision 2030. I believe this document is exceedingly wrong on their predictions of when they need to cure their oil addiction (not completely just a little), it was like reading Blockbuster videos outlook when Netflix came out. Telsa, Nissan and Chevy are all preparing the hardest for the long range electric car with Telsa predicting 500,000 production by 2020. If these cars live up to the hype (they obviously dont exist so its a guess) I believe it will create an S curve, a slow demand to begin with before taking off. If this product flies that 2030 timeline will be smashed and they will have to get projects such as these "producing" not sitting on someones desk waiting approval. The only downside for me is the meetings the AUQ directors attend, this is a networking opportunity not a parent teacher night, I believe the hunger from the board just isnt their to really push this to reward investors. We handed our letters in but we only just found out it was wrong as the PAM pulls a little harder on the AUQ leash to jump through another hoop. Its disappointing but I will be holding a buy sentiment only on the basis that vision 2030 wont be implemented at their leisure, it will be forced to happen by 2023. This is of course all IMHO and im holding a small parcel until 2020 that will live as the dark horse in my portfolio. Good luck everyone and see you in 2020