On 3rd August 2006, one year ago, the SP was 2.3c. and the quarterley report contained the proviso that the company could go broke. I remember writing at about that time that the management (in my opinion only) was very hands on and would dig the nickel out themselves if necessary. I felt they were worth backing. Since that time, with the help of Ni price going from US$6/lb to US$24 the company has prospered and appears to me to have used the money well. Like everyone, and with hindsight, I could have made better use of the 22c SP but that's history. The future depends on the Ni price which today is US$13.5. This slump from the extreme high was predicted along with a prediction of a rise in one or two months. To me its worth while holding.
AUZ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
