Decided to take my profits again folks. 15% on my rather large parcel was far too compelling in adding another 10 K . Especially with whats happening in Overseas markets.
If the US and other markets end up stalling out , it will end up pushing out the so called EV revolution another 3 - 5 years in the much needed changeover. And with financing being increasingly more difficult to put together , it is hard to see projects with smaller reserves advancing further along the development curve. This lull in markets should it prove out will be a good opportunity for those with strong cash balance to prove up more resources on the exploration side of the ledger.
For those who think SKI does not look at the overall trading backdrop and climate - you are so far off the mark it isn't funny. They would see more trading action from their complex Treasury functions and departments in a day than you all would most likely see in 6 months. ( I love that line from the movie Elf......
) And they would definitely be hedging everything from currencies to Interest rates and bonds right the way through to the mining commodities they require for their short - medium and long term business development. And for those who keep repeating that 80million is peanuts - you are wrong as well as no one in business..... not even SKI would be prepared to piddle up against the wall 80 million.
Having said that , I still think AUZ has tremendous upside from their tenements and further exploration depending on your timing and entry price. I will continue to watch it and trade it as this value presents itself in these present market conditions. Note these are my opinions only and are not intended for trading or financial advice.
Good Luck to All holders
