It has ..... It's moved up from the SPP 93.75 % ....and it has since retraced and given some back to the tune of approx 20%.
It will go up again when the market participants reassess and weigh the likelihood of favorable outcomes as we head into what amounts to this 30 day ' Call ' option over SCONI's resources.
Much has been said about the ' retail ' composition of the AUZ share Register ....so I guess that is part and parcel to the whole analysis. Still a fair bit of Institutional support in the Top 20 IMO , and would be more like 40 - 50 % had SKI come in with it's previous option - so plenty of room for significant interest to develop this company from that perspective. Kinda like the 80 / 20 rule - except this time working in our favor as 80 % of the registry enjoying most of the upside .
And when you look at it , there are so many little things just ' bubbling ' away at the present moment. We have more high quality battery grade samples no doubt being produced , we have Government support pending , Major Investment via prepayment Off-take's from one of the largest companies in the World , we have land packages already in place , significant funds invested in RD associated with Pilot Plant and Processing methodologies which have been duly recognized by the large amount of R&D rebates received by Government , and drilling commencing on other high quality tenements ......just to name a few off the top of my head .....
So mate , there is plenty to drive this SP forward from these levels. Especially in the shorter term IMO. You just have to have the aptitude in seeing all this together with of course your timing and patience with your realistic entry prices. Most of the time , it will bolt when you least expect it so keeping an eye on any details or changes associated with volumes will obviously be of great assistance. This is not advice but more just my opinions to my own methodologies.
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