This is my 2020 yearly review of AUZ. (I could wait till...

This is my 2020 yearly review of AUZ. (I could wait till December 31, but I don't think that price action will change much this week.)

All in all, AUZ's price action has ended the year pretty much as it started. Going back to January - and coming off the failed SK Innovation deal a few months earlier - things felt uncertain.

The first week of the year opened at 0.015, and Christmas Eve trading closed at the same 0.015 level. Using the weekly chart, the price range of the first January candlestick (0.014 to 0.018) was more or less the same trading level as the last 3 months:


For the extremes of the year, the most worrying time (for long-term holders) was obviously in March, when AUZ eroded to 0.006 during the Corona dump. But if you had balls of ... cobalt (or perhaps nickel or scandium), the doji at the end of the downtrend may have been your buying signal.

If that was the case, you could have sold in late July (0.027) and quadrupled your money. While the price collapsed after that (and never recovered), holding until Christmas Eve would still have returned 2.5x on your falling knife catch:



Compare that performance with BHP for example, which has not doubled from its Corona low (24.05 to 42.95, or 78%).

But even with the recent jump in iron ore prices, how many people (back in March) would have predicted that AUZ would have a higher 9-month return than BHP by Christmas? I didn't.

In fairness though, you could slice the numbers in other ways. BHP's year-on-year performance has bettered AUZ.

Now let's review AUZ's daily chart for the year, where I've plotted various announcements and their effect on the price:

1) Apr 14 - Share Placement Raises $1.45 million
2) May 15 - Additional nickel and cobalt targets identified at Sconi
3) Jun 19 - Sconi offtake sample production runs completed
4) Jul 15 - Queensland government offers support package to Sconi
5) Aug 18 - AUZ demonstrates ability to produce NCM battery minerals
6) Aug 26 - Institutional placement raises $5.2 million
7) Dec 17 - Deed of Extraction executed for mining operations at Sconi



And who can forget this other announcement, which I won't plot: Oct 20th - Correction of typographical error.

I was going to summarise AUZ's year in Haiku (i.e. 5-7-5 syllables), but I want more lines and more syllables. In that case, I'll use a different form of Japanese poetry, which is called Tanka (it uses 5-7-5-7-7):

Will Sconi be mined?
Still no offtake agreement
More stock dilution
Army of patient holders
Government support still there

Best wishes to holders for a positive 2021 - and maybe another writeup like this in a year's time (if I remember)