AUZ 0.00% 0.8¢ australian mines limited

AUZ - Fireside Chat, page-73

  1. 4,671 Posts.
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    Fuel price right now is based on low value of AUD compared to US prices per barrel.
    It is a sad situation, but not isolated, as here in Canada the prices are moving up also.

    However, Electric Vehicles are coming off the line quickly, and people here are talking about it all the time. With the low value of the AUD and CAD the price seems a shade high, but in the USA the price is 40g's. Not much different that many of the cars available that are 'ice' based. When the price in Canada reaches 40g's they will sell like hotcakes.
    Every car is spoken for already. China produced over 400,000 EV cars last quarter. The future is obvious, and the oil companies ..... they see the writing on the wall.
    Spodumene > 5% down another 3+% per tonne in the last couple of days.
    I'm thinking that AUZ will have its day....but maybe the shareholders will get screwed.
    I met BB in Noosa....wasn't impressed with him at all...didn't fill me with enthusiasm or trust.
    But that is just my impression.
    Last edited by rae915: 12/10/18
 
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