Unfortunately for impatient holders, Friday's close marks a new...

Unfortunately for impatient holders, Friday's close marks a new low in the post-SKI era.

To recap, AUZ had closed at 0.02 in early November,¹ when the conditions precedent were not met and SKI walked away from the long form agreement.

About two weeks later, support was established at 0.013.² From that point, new resistance was established at 0.018,³ which was 10 per cent lower than the post-announcement close.

In January, there were two separate tests of this resistance line, both of which failed. In hindsight, this signalled a steady fall back to the support line. With further news of the corona virus (and months with no significant company announcements), Friday's close of 0.012 has now breached the existing support line.⁴