AUZ

0.00%

1.3¢ australian mines limited

My point exactly...why do people keep posting the nickel price...

First 65 Last

Share
Profile

Follow
Gongbeater

3,306 Posts.

452

17/11/22

07:23

Post #: 64821506
Share

Originally posted by Koala1959: ↑

At this stage of AUZ's existence I don't think there is a huge linkage between the Nickel price and AUZ's share price.

For a start they are not a nickel producer yet and any hope of production is some way off and subject to a lot of factors coming together not the least being a binding offtake, funding and commencement of mine development.

I accept you may point to a number of Litium "hopefuls" who have seen their SP take off with the Lithium hype who are far less advanced that AUZ in terms of being engaged with a potential offtake partner - but such is the "hype" we often see in different sectors of the market. Nickel while integral to current battery technology is certainly not experiencing the same hype as Lithium despite its recent price action.

AUZ's SP took off with the SKI announcement and fell away after that disappeared - a lot of buyers were burnt and something like that will clearly impact market perception no matter what the nickel price is given the LGE offtake situation is unresolved at this stage - quite rightly the "market" would perceive the risk LGE will end up being a SKI rerun.

AUZ's share price IMHO is currently more affected in the first instance by the current uncertainties associated with the LGE offtake and should that be resolved uncertainties related to funding as a precursor for developing a mining operation. The further AUZ might progress through offtake, funding etc the greater the impact of the prevailing Nickel price will become.

If AUZ for example was successful in its current negotiations with LGE for some variation in the offtake and perhaps an equity commitment of some sort from LGE that clearly would improve "market" perception that funding is more likely and potentially AUZ is on track to go mining and there would be a strong possibility the SP would get back to post consolidation level at the very least.

Expand

My point exactly...
why do people keep posting the nickel price as if it makes any difference to a goat farm with no money?

AUZ Price at posting: 6.9¢ Sentiment: Sell Disclosure: Not Held
9 Upvote

0 Great analysis

Reply

Top Stories

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge

Trump is President Again: What Does This Mean for Crypto?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

IMU

Imugene kicks off Australian trial for blood cancer treatment

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

HotCopper Highlights: Your most watched and most discussed stocks this week

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

There are more pages in this discussion • 13 more messages in this thread...

First 65 Last

Add AUZ (ASX) to my watchlist

(20min delay)
Last 1.3¢		Change 0.000(0.00%)		Mkt cap ! $18.18M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.3¢	$5.874K	451.8K

Buyers (Bids)

No.	Vol.	Price($)
15	23780989	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	3593683	9

View Market Depth

No.	Vol.	Price($)
14	22780989	0.013
11	20845999	0.012
12	35373367	0.011
12	11912810	0.010
6	9507777	0.009

Price($)	Vol.	No.
0.014	3542666	8
0.015	2086028	10
0.016	5653591	20
0.017	15839838	17
0.018	3361352	6

Last trade - 16.10pm 08/11/2024 (20 minute delay)

AUZ (ASX) Chart

My point exactly...why do people keep posting the nickel price...

Flynn Gold reaches milestone exploration target for Golden Ridge

Trump is President Again: What Does This Mean for Crypto?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Imugene kicks off Australian trial for blood cancer treatment

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

HotCopper Highlights: Your most watched and most discussed stocks this week

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Universal Biosensors flat despite fresh deal with US medical product distributor

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

My point exactly...why do people keep posting the nickel price...

Top Stories

Flynn Gold reaches milestone exploration target for Golden Ridge

Trump is President Again: What Does This Mean for Crypto?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Imugene kicks off Australian trial for blood cancer treatment

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

HotCopper Highlights: Your most watched and most discussed stocks this week

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Universal Biosensors flat despite fresh deal with US medical product distributor

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News