Hi Rvajna,
..."So now the deposit is in question as you stated below
. Just when you thought it couldn't get any worse. Questionable grades of cobalt. What's next?"...
* It appears you are confused
* Maybee it's my poor English (my 2nd language), sometimes what I want to express comes out a bit unclear
* Have you watched the Video?
* Sconi is on it's way to becoming a massive resource
* I said in my post that I believe AUZ did NOT put enough information in the last drill update and they should have ..."The latest drill update could have done with some of the explanations Stuart shared in the interview about our deposits and what they are expecting to hit in those 3 separate zones that comprise the Sconi poject"...
* I am no expert on deposit grades/ size and how much exactly is needed to come up with the end product that a Co like SK would need for its new plant, but I am very confident in evaluating business deals and how to go about doing it, so, SK would have had a very good look at all the available date from Sconi and
have their experts do detailed analysis and calculate the viability if the current known resource would be sufficient for a 13 yrs supply contract. SK has the experts and the experience to do the above and come to a very accurate conclusion, they have selected AUZ and 8 months into this deal they (AUZ & SK) are now presenting our draft BFS to multiple interested lenders...while in the meantime their new battery factory is well on its way, if there was any doubt if there is enough proven Co in Sconi, do you think they would be here in the 1st place, and still be here now?
* I have my own theory as to why such a massive 50k mtrs drill campaign is being done, but keep that to myself ATM.
* And, yes...I am kicking myself for not selling when I KNEW delays will be highly likely, being strongly in the Green makes me too complacent, and the more annoying thing for me is I have done that a few times now.
* Re the Bergen deal - obviously not the best, but progress at Flem can continue at full pace and be ready just on time by ~2020 when the whole world will know what Materials are needed to build a LiBattery.
It is also very plausible they instigated the large SP drop by placing those large sell orders just b4 the funding announcement
View attachment 1292792
b4 the announcement that order at 62 was for 5mil, the other 2 orders where there also...and I took that screenshot on close of trade the same day...don't need to be an expert to conclude what happened there and what the reason as for someone to place those 3 large orders, but then there was no hurry at all to sell them
...coincidently there were 13mil shares shorted on AUZ and only 1 mill remained thereafter
.
So, like I said shame I didn't sell on time, now the big risk selling is IMO:
*have Bergen and other players that control AUZ SP for quite some time now, enough shares and will want the SP up so they can make a nice profit again
+
* Argonaut put a good report out to their clients, which a lot of them have deep pockets and they will be looking at this now as well and think...AUZ @50%discount
and a substantial resource upgrade for Sconi in full progress...Flem and Thack to join shortly
+
* Battery Minerals sector can turn any day now.
+
* Always reminding myself that Sconi is the ONLY Ni+Co+Sc in Australia that is fully permitted and ready to go into production today if someone wants it.
All at an MC ~AU$125mi - so for me at current SP it looks like a bargain and I don't think it can fall further and groups who like the project and who have been waiting on the sidelines will know this chance might not present again in a hurry?
But while we are pooing our pants re what Bergen will do with their measly (in the scheme of things) AU$8mil (up to max$12mil)...all one really needs to remember is that at the end they will want to sell as high as possible and unless they lend money to a dud or a company with less than 60% chance of succeeding and/or is still exploring/researching for things, which I don't consider AUZ to be one of, so, they will push don a bit and make a nice profit by pushing it up again, they know we have plenty of upside and very low risk of complete failure, therefore they have to be complete amateurs to just push the price to hard, 2ndly everytime they cash in on lt of shares, they will end up with less, and they don't unlimited supply...remember AU$8mil in the scheme of things is 1-2 good trading days on AUZ. ut, yes, in the meantime while we are pooing our pants:
..."Lithium Werks plans to spend
$2 billion manufacturing power packs for bulkier machines"...
https://www.bloomberg.com/news/arti...-little-dutch-company-makes-big-boy-batteries
Just one of many new companies spending millions$ NOW!!! in preperation of what is coming:
..." Bloomberg New Energy Finance predicts demand for batteries will climb to almost
1,800 GWh by 2030, from about
120 this year."...
Sconi will be mined!
All IMO
(20min delay)