Chip you obviously fell in love with AUZ and have I done it many times with different stocks, but I try to follow my rules of taking money off the table, but it is hard at times as your dreams get in front of reality!
I backed the truck up on this one back in Sept 17 at 1.6 c and told a few mates to do the same, only to see the SP fall to 1.4, not very popular there for a while! I could not believe the market had not woken up with Flem next door to CLQ with a MC close to $1b and Sconi the cream on the cake, fortunately the SP started to head north and I picked up more at 2.1, but questioned my wisdom when BB walked out half way through his presentation in Honkers at the 121 conference at the end of Oct 17, I thought WTF only to see the SP more than double the next day.
I thought AUZ could get to a $1b MC, but I spoke to few contacts in the cobalt, copper, nickel space and they all told me that they had Buckleys chance of getting the funding for such a huge CapEx for Sconi so I started selling at 13 and completely exited at 8c by Sept 18.
I dodged a bullet on this one as I questioned the quality of the management mainly BB and did not think that they would get the job done.
I have taken some major hits in the battery minerals sector like many have, but thanks to AUZ & KDR have come out in the black.
I think there will be a renewal process of the company for it to keep going, so I will watch from the sidelines as I have for the last 12 months and keep a eye on where these projects may end up, I do not like the trend and if I was holding well I wouldn't.
Cheers BK14
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $9.789M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.7¢ | $7.559K | 1.008M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 25996116 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 1162005 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
32 | 25796116 | 0.007 |
26 | 42654224 | 0.006 |
13 | 5581699 | 0.005 |
9 | 6584859 | 0.004 |
2 | 2400000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 1042005 | 8 |
0.009 | 5394092 | 16 |
0.010 | 3248924 | 17 |
0.011 | 1742952 | 11 |
0.012 | 4297167 | 7 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
AUZ (ASX) Chart |
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