AUZ - Australian Mines

Even after the 20:1 consolidation there is still over 636 Million shares. Wow!

Is anyone playing the lower end of the spectrum?
Or am I wasting my time?


Disclosure: I'm buying.

AUZ on a bit of a run recently having more than doubled in price since early last week. They got a please explain from the ASX and the company gave the following reasons for the increase in price:

Australian Mines’ Managing Director, Benjamin Bell, is currently participating in the 121 Mining Investment conference in Hong Kong, where he is holding general briefing sessions with current and potential investors based on information already disclosed to the market.

Australian Mines notes that Macquarie Research, part of Macquarie Bank Limited, recently announced a 12-month price target of $2.10 for Clean TeQ Holding Limited, which would value their sole mining asset (being the Syerston Project) at $1.2 billion. As the Company has reported to the market (via the ASX platform), including most recently on 6 September 2017, Australian Mines’ Sconi Project is similar to Clean TeQ Holding’s Syerston Project including in terms of their resource tonnage, expected cobalt-nickel-scandium feed grade, geology, metallurgy and expected metal recoveries.

Despite Australian Mines’ Sconi Project and Clean TeQ’s Syerston project being very similar, Australian Mines’ market capitalisation is currently about 10% of Clean TeQ Holdings.The significant disparity between Australian Mines and Clean TeQ’s market capitalisation appears to have created an arbitrage situation whereby investors can gain exposure to the cobalt-nickel market via Australian Mines at a material discount to its peers.

Based on discussions with investors attending the 121 Mining Investment conference in Hong Kong, it is this disparity in the two companies’ market capitalisations that is attracting new investors into Australian Mines (and for current shareholders to accumulate more AUZ stock), which in turn could explain the significant increase in the volume of Australian Mines’ securities traded today as well as the increase in the price of AUZ’s securities from an opening price of $0.025 to a closing price of $0.034 today (Tuesday, 17 October 2017).

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Is this likely to be the reason or does anyone think there is something else going on in the background here? Any AUZ followers on ASF care to comment?

greggles said:

AUZ on a bit of a run recently having more than doubled in price since early last week. They got a please explain from the ASX and the company gave the following reasons for the increase in price:



Is this likely to be the reason or does anyone think there is something else going on in the background here? Any AUZ followers on ASF care to comment?

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The reply sounds genuine and reasonable.
Quite a number of explorers in the Co-Li-Cs space appear to benefit from a re-rating. Apart from the cited CLQ, I'm also following PGM and TAW. Not to forget TLG, even though their main game is Graphene.
Just watch out for signs of a bubble developing ...

PS: In a similar vein, but more on the downstream processing side, it may be worthwhile keeping an eye on ADO and SOR...

Trading halt for AUZ.

In accordance with ASX Listing rule 17.1, Australian Mines Limited (“Australian Mines” or “the
Company”) requests a trading halt for its securities, pending the release of an announcement with regards to a share placement to institutional investors in the United Kingdom, Hong Kong and Australia.

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This stock needs to be discussed in depth, this would have to be one of the best stocks on the ASX. If this is not a Ten Bagger within the next 12 months of today I will give up the stock market after being in it for 18 years now.

WAXcapital said:

This stock needs to be discussed in depth, this would have to be one of the best stocks on the ASX. If this is not a Ten Bagger within the next 12 months of today I will give up the stock market after being in it for 18 years now.

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Can you explain why you think AUZ should be ten times the price it is now? That's a big call. Some detail would be helpful.

WAXcapital said:

This stock needs to be discussed in depth, this would have to be one of the best stocks on the ASX. If this is not a Ten Bagger within the next 12 months of today I will give up the stock market after being in it for 18 years now.

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Did you mean to say, 'it WAS a ten bagger before Oct 2017?'... good call man

The market is awaiting FIVE ANNOUNCEMENTS. The combination of these four announcements will alone make this a THREE BAGGER before April.

1. Pilot plant completion and samples given to FUTURE PARTNER/S

2. A director with over 40 million shares vacates a seat on the board tells me AUZ is well advanced in talked with a partner and got a board seat ready for them. The full early payment for Sconi.

3. The main game is Sconi but don't forget Flemington or Thackaringa. AUZ is yet to prove these yet but once Sconi is put to bed they are next.

4. JURISDICTION is an important thing in this EV Battery space and quantity is of equal importance.

5. AUZ will also be in a position to acquire a couple of its neighbouring company's in Fifeild NSW wink wink whatch this space and Thackaringa. Sconi could be will be ten times bigger within 3 to 6 months. This is something I will discuss further once I see the kind of input from others.

2018 will see AUZ a 10 bagger, I have been in AUZ since 2.1¢. Number of shares is of no concern with quality assets as listed above plus there is also another 7 assets if you do the research.

Have a great day all and stay on this VFT (very fast train) its a LIFE CHANGER. This is the kind of stock you chase up more than hope for dips to accumulate.

DYOR and all the usual stuff its all my researched and more wink wink opinion.

WAX

I am off the belief that something in the vicinity of 5 Billion to 7.5 billion shares in AUZ would not be a problem. Once full production has started on at least two mines Sconi plus another. This company "AUZ" is the next FMG. I see a lot in this Benjamin Bell as I did see in Twiggy when I first bought into FMG all those years ago at just $1.18. Been living the dream ever since on just the dividend's thank you Twiggy come on Ben.

You can cut this cake any way you like and you still see 20 years of mine life. Whilst at the same time looking for new opportunities in be it exploring or takeover's.

This stock without a doubt is a life changer and all you need to do is just break down the numbers.

Assets in hand

Partners to join AUZ

Electrification of the world

20 to 50 year life span of the electrification process

This could be the largest disruptive technology mankind has gone/going through. Do not under estimate this electrification revolution. The oil company's have dreaded this day. The power company's have been Vought with their collective pants down and some world governments are going to regret this big time. The shift of wealth will be made towards the country's that not only adapt and implement this revolution but those that become part of the mining and value adding downstream producers and suppliers.

I have over 7 million shares in AUZ and on a daily base's I still buy $750 worth of shares every single day. No matter what the share price gets to I will keep chasing this plus another 3 Cobalt company's all based and mining or will be mining in Australia.

I also invested in four Lithium company's, 1 Iron Ore company, 4 Copper company's and 4 Nickel company's.

This is the future for me my children and my grandchildren. I can see no other segment of the market that is 100% guaranteed to return me 10% to 100% per annum if I trade in a raft of these company's.

Sure Gold stocks will always do well as Pharmaceutical, Technology and Finance will also do well. But I can't see an across the board sector doing anything as the rare earths mining and production sector will do.

I have placed all my families wealth on this and will be staying on this VFT for the next 10 to 20 years.

WAX

Buy Right Sit Tight = AUZ

WAXcapital said:

Buy Right Sit Tight = AUZ

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Hi Wax,
I think you could be spot on,invested in 3-4 cobalt lithium company's,1 vanadium,2 graphite company's looking for junior cadmium miners any views?

WAXcapital said:

Buy Right Sit Tight = AUZ

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AUZ bolted out of the gate this morning. It is currently up 42.86% to 13c, after having reached a high of 15c in early trading.



Yesterday afternoon the company announced that it has signed an off-take agreement term sheet with leading global electric vehicle battery manufacturer SK Innovation for 100% of the cobalt and nickel production from its Sconi Cobalt-Nickel-Scandium Project in Queensland. The initial agreement is for a 7-year period with a further 6-year extension option with quantities of agreed offtake volumes of 12,000 tonnes per year of cobalt sulphate and 60,000 tonnes per year of nickel sulphate.

Good news for those holding. It looks like AUZ might have some legs. There appear to be plenty of buyers snapping up the stock this morning.

WAXcapital said:

This stock needs to be discussed in depth, this would have to be one of the best stocks on the ASX. If this is not a Ten Bagger within the next 12 months of today I will give up the stock market after being in it for 18 years now.

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Well, the 12 months since your post is up. Let's see how you did. On 5 January 2018, AUZ was trading around 12c. It reached a low of 3c in the second half of October 2018 and after a brief rally to 6c after that declined again to 3.5c in early January where it appeared to bottom out.

This week it has risen to a high of 4.9c on the back of news regarding a $1.9 million Research and Development tax rebate received for 2017-18 financial year. An encouraging development but it remains to be seen whether the current rally has any legs.

Still, it's a long way from a 10 bagger as you predicted, which would have seen AUZ trading at $1.20. I sincerely hope nobody bought into AUZ on the basis of your erroneous price target.

greggles said:

Well, the 12 months since your post is up. Let's see how you did. On 5 January 2018, AUZ was trading around 12c. It reached a low of 3c in the second half of October 2018 and after a brief rally to 6c after that declined again to 3.5c in early January where it appeared to bottom out.

This week it has risen to a high of 4.9c on the back of news regarding a $1.9 million Research and Development tax rebate received for 2017-18 financial year. An encouraging development but it remains to be seen whether the current rally has any legs.

Still, it's a long way from a 10 bagger as you predicted, which would have seen AUZ trading at $1.20. I sincerely hope nobody bought into AUZ on the basis of your erroneous price target.

View attachment 91441

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Interestingly since Jan 18, the share price has been oscillating between 3.8 and 4.5 cents and gone up to 4.5 cents. Interestings. What the chart says (request from the chartists). If I follow the pendulum's swing, then on 28th Jan, it should go down
Where is @WAXcapital ?
DNH
25/01/2019 0.042 10.526% 0.046 0.042 25,778,185
24/01/2019 0.038 -11.628% 0.043 0.038 13,604,049
23/01/2019 0.043 4.878% 0.043 0.040 7,486,822
22/01/2019 0.041 -8.889% 0.047 0.040 17,644,917
21/01/2019 0.045 2.273% 0.049 0.045 25,102,14

Miner said:

Interestingly since Jan 18, the share price has been oscillating between 3.8 and 4.5 cents and gone up to 4.5 cents. Interesting. What the chart says (request from the Chartists). If I follow the pendulum's swing, then on 28th Jan, it should go down
Where is @WAXcapital ?
DNH
25/01/2019 0.042 10.526% 0.046 0.042 25,778,185
24/01/2019 0.038 -11.628% 0.043 0.038 13,604,049
23/01/2019 0.043 4.878% 0.043 0.040 7,486,822
22/01/2019 0.041 -8.889% 0.047 0.040 17,644,917
21/01/2019 0.045 2.273% 0.049 0.045 25,102,14

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I just did a quick look into AUZ story.
Noticed the BFS has assumed the Nickel Price as $7. Nickel grade is 0.79% which increases the cost of processing even if the operating price has been forecasted very low after taking tax credit.
Since June 15 or so per KITCO chart, Nickel price was never shot higher than $7 per lbs.
IRR is rather low
The project has assumed cobalt price $30 per Ounce

Publicity blitz is however very active.

job creation tipped for north Queensland after Australian Mines’ $1.4b Sconi project receives state blessing
By
Lauren Barrett
-
January 25, 2019

The development of Australian Mines' Sconi project will be expedited on the approvals front after receiving endorsement from the Queensland government.

http://www.infomine.com/investment/metal-prices/nickel/
http://www.kitcometals.com/charts/nickel_historical.html

From a quick scan and a look at the charts I have picked AUZ for the November Monthly Comp.
Is this stock starting to turn around?
The downtrend seems to have slowed down now and maybe, just maybe, be starting it's journey back up again.
Short term MAs above my Long term MAs (Long term MAs not quite flipped) Higher Support tested. Higher Low forming? We will see.
Might be a little bit early but I've got to get a start on those other contestants.
My target is the high back in May at .041 (51.85%) for a starter.

Anyone want to jump on the train at full steam? Toot toot

frugal.rock said:

Anyone want to jump on the train at full steam? Toot toot

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My hyper-technical crystal balls say sell 5 minutes into tomorrows Open, then re-buy at 2 cents in a week or so .... trust me

Sage advice Barney.
However, to sell, first you must buy (or borrow)
Please remind me to to buy a week before the big bars...