I've invested in SRL, who will only give offtake to an equity...

First 66 Last

Share
Profile

Follow
Nrmn

930 Posts.

120

17/11/22

14:04

Post #: 64833186
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

I've invested in SRL, who will only give offtake to an equity invester and AUZ that have a 100% offtake agreement but no equity investment - I believe that once one gets financed the other won't be far behind!

AUZ Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

RDN

Raiden Resources jumps 11% as Andover South drilling to kick off with PoW on Minister's desk

BAS

Bass completes successful testing work at Kiwi-1, showing higher-than-expected condensate yields

EMD

Emyria jumps 10% on 'interim' success treating PTSD patients with MDMA

TAT

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT

GMD

Genesis set for higher gold production in FY25 and earlier mill start

There are more pages in this discussion • 12 more messages in this thread...

First 66 Last

Add AUZ (ASX) to my watchlist

(20min delay)
Last 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($)
33	15446053	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	2351583	15

View Market Depth

No.	Vol.	Price($)
34	15646053	0.007
28	43238955	0.006
15	28885199	0.005
9	5979750	0.004
2	2400000	0.003

Price($)	Vol.	No.
0.008	2351583	15
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)

AUZ (ASX) Chart

I've invested in SRL, who will only give offtake to an equity...

Raiden Resources jumps 11% as Andover South drilling to kick off with PoW on Minister's desk

Bass completes successful testing work at Kiwi-1, showing higher-than-expected condensate yields

Emyria jumps 10% on 'interim' success treating PTSD patients with MDMA

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT

Genesis set for higher gold production in FY25 and earlier mill start

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I've invested in SRL, who will only give offtake to an equity...

Top Stories

Raiden Resources jumps 11% as Andover South drilling to kick off with PoW on Minister's desk

Bass completes successful testing work at Kiwi-1, showing higher-than-expected condensate yields

Emyria jumps 10% on 'interim' success treating PTSD patients with MDMA

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT

Genesis set for higher gold production in FY25 and earlier mill start

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News