AGM, page-33

FFS its a spec stock, it is NOT blue chip or the Vanguard ASX 300 index fund.

Everyone who invests at this level in the market is HOPING they have found that "leg up stock" for a massive financial sugar hit.

To that end people whom invested the lions share of their personal net worth on AUZ really only have themselves to blame. At this end of the market no more than 10% of your net worth in spec stocks for me is a general guide.

As it stands I've put a little too much in.

My Choice
My Actions
My Outcome

NO ONE FORCED ME TO INVEST.

I expect that that a BOD act in the best interests of shareholders and not blatantly steal etc. They may have made mistakes, but I do think they have tried to get this going.

I DO think that their has been some naivety relative to the AUZ BOD. I do think that some or all of them thought the SK deal was as good as inked. The proposed ESS for the BOD leads me to suspect they thought it was over the line as well.

While we have some more pain ahead of us it seems as another poster mentioned the ore is still in the ground and the fundamentals are probably better than prior to SK being involved following the drilling campaigns and the BFS etc.

AUZ HAVE produced Ni & Co to battery grade specifications, AUZ have $13B circa resource in the ground. Battery grade Ni levels globally are low and it would seem the whole battery sector is at the bottom of the cycle. There are conversion bottle necks with battery grade Li (as you know a key component to battery manufacture) which may be slowing investment with Ni and Co hopefuls and the fact that the 80x giga factory's slated to be built have not been commissioned yet.

Problems now are;

The share registry is a mess and WILL need consolidating

Cash Flow to keep doors opening while appropriate suitor is courted

AUZ need the macro head winds to again start blowing in the sectors favor.

Aggressive TO for less than many SH average buy in price (big one for mine)

Replacement for Marcus required, whats happening with this ? mentioned at all today ?

I've posted before that if SK walked/deal off whatever then it would be painful for shareholders in the medium term. I backed the SK deal in and got it wrong, like a few others I assume.

Death threats to BB and family is not acceptable, no justification for that ...well that's my opinion anyway.