AUSTRALIAN MINES LIMITED (ASX:AUZ) - AUZ - SKI - Count Down Begins. 5days, page-643 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by Silent-Bubbles: ↑

That's a fair question Gong - and one which I would simply answer as l had always expected the pull back ( as per many of my earlier posts ) from the 2.9 cent previous capital raise pricing and the slight overshoot back to the 2.5 cents levels. So nothing I didn't already expect as a possibility. I believe I even mentioned a more conservative strategy to another poster who bought I believe bought in at the recent higher levels with this statement from another forum :-

" but maybe at 2.5 stop with a ' double ' trailing limit on the BUY at 2.2 - 2.3 in the advent you get caught out. "

However in so far as my own position and exposure , and as previously mentioned , I have booked quite a considerable amount of cummulative gains on AUZ since the last capital raise and elected to ' double down ' on my recent SPP take up when everyone else was calling it a ' Dog ' of a raise and the SP to test lower levels from there.

So cut a long story short , I am very comfortable with my ' averages ' pre - during , and post SPP. So at the end of the day , I have decided to hold my full position this time around , and to back myself in on the expectations that over the whole course of AUZ's timeline slippages , you'll find that at best and despite all the calls for blood and alleged misrepresentations by the BOD and BB etc....etc. - That in reality they are ONLY 3 months delayed on each of the critical milestones vis-a-vis BFS ....revised BFS , announcement of LFA and funding packages etc... So based on my experience , I would not consider this an unreasonable slippage or even unexpected given the gravity of what the Company is trying to achieve here .

Remember this announcement from January 2018 :-

31 January 2018

Specialist off-take adviser appointed asAustralian Mines advances towardsdevelopment of its Sconi Project

Australian Mines Limited (“Australian Mines” or “the Company”) (AUZ: ASX) is pleased toannounce it has appointed specialist natural resources advisory firm, Medea NaturalResources Limited (“Medea”) to advise on the off-take and project financing negotiations forthe Company’s 100%-owned Sconi Cobalt-Nickel-Scandium Project in northern Queensland.

Under the terms of the agreement, Medea will coordinate with the various potential off-takepartners currently in discussions with Australian Mines to finalize and submit their proposedoff-take and project financing package to the Company in the first quarter of 2018.
( So who was really late and undecided as per the second half of the above sentence - Medea , AUZ , or indeed the off-take partner being SKI ? )

" Australian Mines is continuing work on the ground to deliver the Bankable Feasibility Studyduring the second quarter of 2018, including ramping-up its trial mining campaign to providefeed for the demonstration-size processing plant, which is nearing construction completion inPerth, Western Australia. The demonstration-size plant will produce commercial-gradesamples of cobalt sulphate, nickel sulphate and scandium oxide, with these samples to bedistributed to the aforementioned potential off-take partners and financiers. Followingcompletion of the Bankable Feasibility Study, Australian Mines will then make a decision onfinal investment "

Which was then followed by this one .....ONLY a little over 2 weeks later !! :- ( Heading Only )

19 February 2018

Off-take agreement term sheet withelectric vehicle battery manufacturer for100% cobalt and nickel productionfrom Sconi Project

Expand

So tell me if I'm wrong as I am sure you will..
you are saying you have banked enough profit to allow a loss or an extended stay in limbo of your capital not matter?...
Honestly I don't believe any short term trader ever really looks at what they have made in the past to justify holding...
it's making thier money work hard at all times..
but hey if you think it will work for you good luck...
just do me a favour and don't give us all an imaginary get out price that makes you look like you knew it was coming and got out just in time...
glta

No.	Vol.	Price($)
14	2620929	0.9¢

No.

Vol.

Price($)

2620929

0.9¢

Price($)	Vol.	No.
1.0¢	9068894	29

Price($)

Vol.

No.

1.0¢

9068894

No.	Vol.	Price($)
14	2620929	0.009
25	8110857	0.008
35	6097709	0.007
15	5667291	0.006
9	25150000	0.005

No.

Vol.

Price($)

2620929

0.009

8110857

0.008

6097709

0.007

5667291

0.006

25150000

0.005

Price($)	Vol.	No.
0.010	9068894	29
0.011	5561870	20
0.012	6197798	12
0.013	2310000	6
0.014	2964523	9

Price($)

Vol.

No.

0.010

9068894

0.011

5561870

0.012

6197798

0.013

2310000

0.014

2964523

(20min delay)
Last 1.0¢		Change 0.001(5.56%)		Mkt cap ! $13.28M

Open	High	Low	Value	Volume
0.9¢	1.0¢	0.9¢	$5.067K	540.8K

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