Amazing how ppl don't understand risk and valuation. They think profit is in the bag and the theoretical NPV is risk free. Where will price of cobalt be 5 or 10 years after mining starts ? Isn't mine life something like 25 years or longer - what happens when cobalt supply is so large and uneconomical in late 2020s. Are nickel grades high enough to sustain operations when other nickel miners at 3-4% grades shut in. You think AUZ will be mining then. The hype has waned as investors realise that a) profits are years out : b) capex is huge and funding based on a volatile commodity is tricky c) low grades are only good if price of mineral is sky high ie unsustainable in long term as in 5 years plus and a bunch of many other risks such as capex blow outs , programme delays etc Look at ARL , PGM , CLQ and many more. Stocks are returning to fundamentals and the smart money has moved on for now.
AUZ - chart, page-2338
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.789M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $50.70K | 7.242M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 43146111 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 400000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 43146111 | 0.006 |
15 | 32827865 | 0.005 |
10 | 6504750 | 0.004 |
2 | 2400000 | 0.003 |
2 | 3400000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 400000 | 2 |
0.008 | 3391530 | 18 |
0.009 | 4741327 | 15 |
0.010 | 4705582 | 23 |
0.011 | 1646752 | 9 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
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AUZ (ASX) Chart |