The logic / rationale I have previously outlined as to why I am staying invested in AUZ has nothing to do with the SKI period other than referencing in some posts why I believe the situation is different following the LG offtake.
I took some advantage of the SKI SP run up and sold about a 3rd of my holding at the time so I'm was basically free carried until I topped up my holding a little - at the current SP I could get out with quite a decent profit but have chosen to stay invested for some of the reasons I have outlined previously.
i am not blindly hoping for the best with AUZ I will exit a stock even at a loss if I feel it appropriate to do so - I was an investor in AVQ another nickel hopeful - I chose to exit it reasonably early on in its development when there were still a majority of very positive posters on HC - why ? I was concerned about management and the company's ability to fund the project (somewhat similar to many of the sentiments expressed by some on this forum re AUZ) - it also had the added difficulty of the sovereign risk associated with the Solomon Islands and and who controlled the sites re native title. It is currently suspended after a lot of ups and downs.
At the ended of the day the main reasons I continue to be invested in AU are:
* the resource which is in demand and is projected to have a low cost production profile* The LG offtake which I believe provides a sold foundation for funding discussions and supports the prospect of a successful funding outcome* For all the negatives re BB and the Board and I acknowledge there are some they did deliver a term sheet from SKI and have subsequently delivered a binding offtake from LG and their CVs would indicate that have the ability/experience to successfully negotiate a funding package.* A belief LG would have done their homework on AUZ before signing the offtake
I acknowledge some of the less emotional counter arguments have some validity - but at the end of the day I am backing my judgement as I have in the past (which we all have to do at the end of the day) - fortunately I have had over the years more successes than losses - time will tell what is the outcome for me this time. I remain optimistic at this stage.
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0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.18M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $5.243K | 655.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 15246053 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 1439734 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
32 | 15246053 | 0.007 |
27 | 43138955 | 0.006 |
15 | 28885199 | 0.005 |
9 | 5979750 | 0.004 |
2 | 2400000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 1439734 | 13 |
0.009 | 4816204 | 13 |
0.010 | 3178763 | 21 |
0.011 | 2015770 | 12 |
0.012 | 4803367 | 8 |
Last trade - 10.00am 02/09/2024 (20 minute delay) ? |
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