Respect your opinion! And yes your right CS, that's how things unfolded previously with SKI. But I get this strange sense things are different this time with LG. I feel it in my bones... for whatever that's worth. I not sure how others do there research or come to conclusions but I've noticed a subtle shift in AUZ's language of late compared to the days past. For instance
'Whilst in-house production of P-CAM, including a NCM 90/05/05 P-CAM, remain ongoing within Australian Mines, this work will occupy a much lower importance within the Company going forward (and is likely to cease altogether during the coming year), as the Company focusses its resources and efforts on financing, constructing, and operating its wholly owned Sconi Project in North Queensland. Similarly, whilst the results returned from Australian Mines’ exploration programs during past twelve to twenty-four months have proved encouraging and warrant follow-up work, the Company will undertake minimal exploration activities during the coming year in line with the Company’s forward looking plan, which is focussed exclusively on the successful financing, construction, and operation of the Sconi Project.' As much as I'm spewing about PCAM been shelved, I'd rather AUZ man-up, be upfront and speak the truth then string us along with BS and fluff.
In addition, when they mentioned the following concerning the offtake, I was very impressed with there little fanfare and matter of fact response.
'AustralianMines will now move swiftly to finalise agreements with a range of financingpartners. As is customary, negotiations with financing partners will be subjectto Non-Disclosure or Confidentiality Agreements. Australia Mines will provideupdates to the ASX regarding Sconi Project financing, in accordance with theCompany’s continuous disclosure obligations and commercial confidentialityrestrictions' IMO this is it! It's the last roll of the dice, it's do or die. If AUZ cant get finance with SKI or LG they never will. The EV revolution is imminent, but we are on borrowed time, as battery chemistries are advancing and improving very quickly. Hence why LG have hedged there bets with only a 6yr lock in agreement initially. Therefore the time is NOW.
Right or wrong I've personally broken every investing rule with this girl. It's either sink or swim for me. That said, the reverse is true too, if AUZ comes through the SP spike in 2017 will look pale in comparison and I will be dancing on the ceiling as Lionel Richie once said. (He is a singer for all you young whipper snippers) Irrespective, the next 6 months will be telling, no doubt there will be winners and grinners (I prefer the former group) In the meantime, as much as I hate it, back to the waiting room. Holding my breath.
PS - All the best with your investment, I hope it has its time in the sun as well, why should BHP get all the cream! GLTOH
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