AUZ - Fireside Chat, page-141

Thanks @Grimcon Good post although a bit of a red flag to a bull (if you know what I mean)

I have a long term holding that I have been building in AUZ at various points. So for one, I don't mind the little trade war (there is far more to it than just trade), as it allows me to increase holdings. I don't have a huge holding like some here, but enough to make a difference to me and mine and it has roughly doubled in size since the recent downward pressure.

That said, I believe in adding substance to the conversation so rather than continually blasting useless one liners, I tend to wait for material developments to present an opportunity for value adding discussion. Like for example the recent interview with Tim MacLean. Did anyone see it?

I watch it yesterday and there was lots of technical and operational goodness there. It was almost as if he was reassuring the market that the company is moving forward at breakneck speed and the product being produced is superb.

So what do we know so far?

1/ Resource are being increased at Sconi - great sign IMO for both AUZ and SKI deal as it improves chances of the 6 year extension.

2/ IMO the contract with SKI is signed. There may be conditions etc but I think it's signed. No mining company ever goes to the extend AUZ is going with two projects unless they have offtake lined up

3/ Demo plant massively derisks the process flow and ability to actually make the product to higher standard than required from the two specific ore bodies at Sconi. Tim focussed on that quite a bit. Just because you have ore full of Cobalt and Nickel does not mean you can make the Sulphate out of it. AUZ has proven they can and the results are great. We've shipped it to SKI and they're very happy

4/ Second project at Flemington is being proved out via additional funding injection from Bergen. I know there has been lots of talk about it and whether the deal is good or bad. I remain of the opinion that Bergen is fundamentally interested in making money and the only way they gain is via SP growth. So to me it's as simple as that. Perhaps @Silent-Bubbles could offer an opinion because I don't know anyone even half as good as SB at reading price action and understanding the mechanics of the stock market. Then man is a genius.

5/ I sleep easy at night - then again maybe it's my ability to handle stress in adverse situations. The SP is what it is and fundamentally AUZ is actually better than six months ago. So if you are investing based on fundamentals - great, you sleep easy. If you're working off charts and short term movements - great, you're just in and out. It takes all kinds to make the stock market into the thing we love and hate at times. I do sometime wish I adopted a more in/out strategy with AUZ. God only knows, I totally fu*cked up with at least one of my entries at 11c. The key to it is not to ever commit too much too soon and just build your position over time as things develop. Onwards and upwards I say

6/ Generally speaking all points of view should be welcome - just not to a point where one side overwhelmed the other. There needs to be balance and if one person is just repeating the same points over and over, that just degrades their reputation. Some here should probably reflect on that a bit more.

7/ I am truly excited about the future of this company. Mind you this is not a ramp! I just feel and have the research to be comfortable about the future of EV on a global scale. I am also comfortable about the future of EV in Australia and AUZ's role within that. I said this before a few times, but I feel that AUZ will be a terrific Aussie story that will become a significant part of our EV response to the world.

8/ Let's also not forget that AUZ ---> SKI ---> Merc ---> Consumer supply chain that is in place. If you have even just skimmed the news of all car makers moving towards EV and electrification of everything, then you know we're in a good place. The recent "attacks" on the Li sector, the trade war, the governmental responses to jack up royalties or to stop takeovers or divestments (eg SQM and Tiangi) - these are all signs that the wave is coming. It's going to be world changing and the big players are positioning. Now, as with everything, when a number of Godzillas jump up and down and beat their chest, there are bound to be tectonic shifts. Rest easy, we're in a good place and as long as you can wheather the storm, the Monaco yacht harbour will be there to take your millions and the casinos will be glad to see you at the end of the voyage.

Good luck everyone. I genuinely mean that even though this not advice in any way. Just my opinion and you should do more research, less one liners, and less empty (non value adding) talk.