Originally posted by pc3
Good post
@vintage. But I think MOST of the bulls are honest and up front and not wolves, well I am not I have held the same line (wrongly it seems at the moment) from the beggining and I have and continue to stick it out through thick and thin, Ive enjoyed the highs but experienced more lows now to date.
I am one of the AUZ bulls and am bleeding badly, I hate being red, who doesn't? Anyway I've stuck to my rules and only have a % of my net worth in direct equity's...thank Christ for PLS clear.png. yes I should have sold out at .14-.15c.....hindsight, such a valuable tool clear.png but alas I did notand here I am, battered, bruised disheveled....well you get the picture clear.png but still here.
@mbot
@monark
@Bomber78
@Fab86
@otherbears (can't remember all of you)
Well played your all right I/we are wrong to this point at least.
So some serious questions from a bull to a bear/s
1. Firstly I cant work out your hatred for BB, yes he has made mistakes the London presentation and the smart reply to the ASX I was not wrapped about and I recall I said as much. Wont comment on Bergen as I confess I had never heard of them prior to AUZ signing on....and I suspect some of the bears who hang from the coat tails of the experienced contrarians had not either clear.png From before our rise to .15c what would have you guys done differently ? Don't shy away from the question, i'd like to know. Who here on the forum wouldn't have tried to woo SK
2. If your green (ground floor buyer)I can understand you may wish to sell out on Wednesday, but gee it will be stampede for the doors I suspect for a couple of days. For those in the red what do you guys (in your opinion) think one should do ? I'm certainly not going to get 3.7c on Wednesday morning......
3. Given SK have chosen NOT to exercise the options, they needed funds. Should they have kept Bergen...seeing as they had already arranged it, how would you guys have played it ? they obviously need funds to comply with audits/solvency so what should they have done ?
4. Riddle me this why ONLY $5m, $75m shy of the SK take up. for this credit raise ? doesn't seem enough in my view.
5. Who should be in BB's role ?
6. Are we privy to all the nuances, knowledge and proceedings the board and senior management at AUZ are ?.....
7. Who thinks the ore at Sconi is NEVER coming out of the ground
Its a tough gig I am sure, and who here on HC feels they could have done a better job?
It is a long tough road, but are their not some positives ?
Prior to the SK term sheet we had a measured resource (bears argue it's not sufficient) that's economical, since then they have added to that reasonably significantly.
They have proven that that they can produce the required battery grade metals to meet "a customers" specifications.
Until we are informed otherwise the off take remains
SK now lose (at this stage) the 19.99% and board seat as well as what ever the discount on the ore amounted to over the life of the off take, none of us on HC are complicit to what that agreement entailed. Was the discount to much ? could it have been a sticking point with financiers.
NAIF decision possibly September or was it November...I forget, there is a chance that will come through ?
The ev revolution is going to happen in my view, we are not quite their because the infrastructure is yet to be built
So my thoughts are no doubt we are in for a painful couple of weeks, but if your red and do not need any "lunch money" next week clear.png my thoughts are your better of holding, what do you guys think ?
I think by the end of 2019 there is a strong chance I and other will be green again IF boxes are ticked. NAIF and financing.
It intrigues me why it is only 5m AUZ are putting their hand out for, SK walked with their $80m still in their wallet, they had to get some funds, that is a simple fact....
No doubt for those in the red who are not bailing next week (I am not) it will be a long slow burn now, agree with that, but I still think LT that Sconi will be mined, the metrics have improved since the highs at .15c, the Macro headwinds though are gail force currently. But I dont see the point in selling out if your red as in 12-24 months the picture MAY be a positive one and if that turns out to be the case then it is pretty well in line with the life cycle of a junior miner diagram.
I for one have learnt a lot during my time holding/accumulating AUZ.
I remember when FMG diluted the shares , from 250 m to 2.5 bil ....10/1
From $60 to $6
SP moved to $12 for sometime
Cant remember if Marcus had to do anything with it
(20min delay)