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Ann: AUZ becomes 100% owner of Sconi Project, page-49

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SparkyR

328 Posts.

115

08/12/17

15:53

Post #: 29491466
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Originally posted by SparkyR ↑

An important statement in the fine print on the bottom of page 1.

'to accelerate its current off-take discussions with some globally-significant battery manufacturers'

The off-take agreement may not be with an EV producer but rather, as stated below, a battery manufacturer . This would be a very savvy move from AUZ. With the growth in solar energy use alongside the EV emergence it would be useful to align with a battery manufacture that is not restricted to just one of these industries but has access to provide for both, de-risking the cobalt/nickle supply by signing an off-take agreement with a partner that has a diverse customer base and multiple application use for it products. IMO

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Potential TESLA off-take agreement? Pure speculation of course. I know they were focusing on North America for supply but we all know that North America can not meet their need for cobalt alone.

AUZ Price at posting: 9.4¢ Sentiment: Buy Disclosure: Held
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