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1.0¢ australian mines limited

AUZ coldnt get finance in australia, what makes them think they can do it in Brazil., page-12

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Muay

1,293 Posts.

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27/02/24

11:44

Post #: 72616718
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Originally posted by Othala: ↑

Fully understand your concerns Muay

I remember you from back in Sconi days and the promises of Bell, how cars would have AUZ nickel in them from sconi and the no money up front deal with SK that was the worst deal ever.

However I do think that this offers a very different opportunity. The CAPEX of Sconi and the processing plant we know was huge, in the billions with a very marginal profits.

I have learned to not attach to a company and simply see the opportunity in something when it arises and sell once its expired. Why marry to a company when the situations change daily.

If you had of sold AUZ right after its huge run up into the 10-11c ranges on its hype and not looked back you would have done extremely well but the weaknesses of the nickel market which are now especially apparent. No wonder lenders didnt want to touch it. Also the weaknesses of the BOD were highlighted in the way they allowed themselves to be tied up with SK innovations and then tossed into the bin when after their due diligence they walked.

Brazil RE is a different opportunity however, not much unlike the first run of AUZ before their stage 3 top and stage 4 decline in 2018 basically lasting until now.

Lets look at key differences

IAC Rare Earths will definitely offer a lower CAPEX
Location, right beside BRE one of if not the hottest RE stock right now with exceptional grades. What did Sconi have beside its modest grades?
Very low market cap = excellent risk vs reward opportunity
RE sector prices at a low. Not buying into hype.
New Managing director that has so far been playing his cards right for what I can see.
Very promising surveying of tenures to commence the drill program with - speculative exploration and upside, real or otherwise.

To name a few

I find it hard to see the current downside.

My lesson learned, apart from what has the company learned is.

Not to buy the top, especially on a company like 2017-2018 AUZ, let alone hold for the stage 4 decline. Hold and hope
Not to average down on losers - AUZ from 2018 until now
Click sell once the opportunity expires and the BOD begin with the announcements like what we saw in those days.

There's tons of opportunity in upside in AUZ's Brazil project right now for the Share Price and the chart data we're seeing.

I say this after I lost 18k on AUZ in those days averaging down from 11.5c down to 4 until I eventually sold for an 18k loss. But that is what I learned.

For the company or any company I couldn't care less. The opportunity here is considerable.

Expand

Pal, Nice post sorry for your loss but been doing this for a long time thanks for your concern. Once again! I never had a problem with Sconi itself, even with the grades my problem is the BOD and their conduct. So as a small holder I will continue to warn others even if it rains on a parade or two.
All the "oh you lost, move on, get over it" no one knows anyone's position on here and to think otherwise proves you think you know more than you do.

It seems everyone likes a fluffer post with wild predictions but not so much the slap in the face post warning of AUZ past.

AUZ Price at posting: 1.6¢ Sentiment: None Disclosure: Held
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Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $13.98M

Open	High	Low	Value	Volume
0.9¢	1.1¢	0.9¢	$24.74K	2.474M

Buyers (Bids)

No.	Vol.	Price($)
4	630547	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	6896339	18

View Market Depth

No.	Vol.	Price($)
4	630547	0.010
54	16333326	0.009
28	36775126	0.008
17	12755979	0.007
5	4090166	0.006

Price($)	Vol.	No.
0.011	6896339	18
0.012	4588045	12
0.013	2646873	10
0.014	3945794	13
0.015	5235173	11

Last trade - 15.30pm 17/05/2024 (20 minute delay)


Last 1.0¢		Change 0.000 ( 0.00 %)
Open	High	Low	Volume
1.0¢	1.0¢	1.0¢	328083
Last updated 15.30pm 17/05/2024 ?

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AUZ coldnt get finance in australia, what makes them think they can do it in Brazil., page-12

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