i agree I think it is odds on that shareholders will get smashed if an equity partner comes in but the reality is that it is the best outcome for shareholders that I see at the moment even with the dilution shareholders would experience.
i am a long term holder of AUZ - actually, Flemington was the resource that first attracted me if I remember correctly and AUZ has done nothing of significance with it. They have a few other interesting projects but unfortunately not the money to do anything with them at pesent.
I took some profits during the SKI run up but unfortunately not enough in retrospect - I hung in as SKI extended based on the extension and the fact I had a low average and the rest is history. I'm currently in the red like many shareholders no doubt.
Am I optimistic re AUZ ? - unlike some others on the forum I think Sconi can be developed given the right circumstances. Will LGE hang in? That is the critical question together with AUZ's looking need for cash.
Why to I continue to hold the "waft of enthusiasm"? Some reasons:
* LGE are still there at least for now
* Nickel is in demand and that demand will not disappear at least for the foreseeable future
* LGE we have been told are in discussion re a collaborative arrangement as are others. * Based on what I have seen the project is viable albeit current cost pressures are impacting. * There is every likelihood with more exploration the resource can be extended.
There was a lot of criticism in the forum about Holmes delay in updating shareholders and I agree I had reached the stage where I was wondering what he was up to. Shareholders now have been provided with a plan for where he thinks things are at and the way he sees forward like it or not.
Now - lets see how/if he manages to solve the cash issue AUZ has looming.
(20min delay)