Ann: Trading Halt, page-433

A brief note:

a) A binding off take agreement(s) has been flagged for some time by AUZ and for me, this is no surprise as at least one has been flagged for this period,

b) Binding agreements have "key terms" and these, amongst many other factors may include a positive DFS, maybe even a BFS, and obviously a decision to mine.

c) These type of agreements are generally needed to prove to financiers (debt managers) that a product is in fact needed and a market exists within certain parameters, and

d) The price tends to be set, but negotiated upon.

NB. AUZ was an excellent company for me to trade last year so I keep an eye out on it.

I don't see many "rockets" here, however, it's up to the market. Keep in mind that the current diluted market cap is over $240m. hence an odd 1c adds close to $25m to the market cap. They'll need to drill for most of the year to lift the resource and I personally believe most of the fun has stopped.

GL and I maybe wrong.