Ann: AUZ to distribute Norwest Minerals shares to investors, page-83

Really?

I would have thought:

• that there must be some rational reason associated with negotiations underfoot to establish the UK company is a reasonable conclusion (whether they are still ongoing we don't know)
• That they have sent samples to potential offtake customers for evaluation and to initiate offtake discussions is factual
• That something (presumably creditable information on negotiations) induced Sophisticated investors to support the CR is a reasonably factual assumption
• That the impact of COVID and the significant 2nd wave impact on European and US companies would hamper/drag out negotiations is factual.

Right at this moment anyone posting about AUZ is speculating - it is all well and good to say that AUZ/BBs/BODs track record is not great in terms of negotiating funding/offtake to this point that is obvious to everyone. That does not invalidate the fact (in the absence of Company updates) that there are indications that there are still negotiations happening and presumably in Europe. No Company is going to give a "blow by blow" update to shareholders of any negotiations such as would be occurring with offtake/funding - it would be naive to think AUZ would.

There are a number of companies I have exposure to that are trying to negotiate offtake / funding to move to production - ARU and BCI for example - but then another of my investments G1A has made it and are underway in terms of mine construction - there were various non holders and even holders on HotCopper frustrated with the MD/BOD and skeptical about success during that process but eventually G1A got there (albeit the funding required by G1A was nowhere near that of AUZ).

I could get out of AUZ with a small but reasonable profit right now as my average is quite low - to state the obvious any investment in a company at this end of the market is a risk - all you can do is look at the pros and cons and make up your mind based on your risk profile and investment criteria.

For me AUZ has good potential projects, with resources that will be in demand going forward. If and I agree still a BIG if they can get offtake/funding then the share price will jump accordingly (the SKI announcement being a case in point) and if they progress to mining they will eventually have the financial resources to further develop their other projects.

To state the obvious - for any investor in this end of the resource market you do your research, select companies you feel have reasonable projects/prospects spread your risk and sit back, monitor and await developments - I have a spread of spec companies one of which is AUZ - I fully acknowledge that a couple will achieve nothing for any number of reasons and I might make a loss (hopefully a small one if I stick to my stop loss or exit and make nothing) and that might well be AUZ - but likewise if I have done my homework properly and my basic investment criteria / assumptions are valid then some will do well and potentially very well. At this stage for my portfolio of specs G1A has jumped to eventual producer and I anticipate doing very well out of it and BCI is looking very close, others are either seeking funding e.g. ARU or are still drilling.

Clearly Gong you have a different risk profile/investment criteria to me - I am still a glass half full with AUZ where you have clearly smashed the glass. With AUZ I am prepared to let it run and see what happens - if I had not done that with G1A then I would not be about to reap the benefits of them transitioning to a miner - with AUZ we all need to wait and see.