AUZ 0.00% 0.8¢ australian mines limited

Ann: AUZ partners with SK Innovation to develop Sconi Project, page-67

  1. 2,492 Posts.
    lightbulb Created with Sketch. 2047
    Exactly! We mustn't forget that we are getting in bed with an absolute Goliath! They didn't get there by playing nice ball and helping this little AUZ company out of the generosity of their heart! No, they are hardcore Korean business people - and they mean business!

    That's the great thing for us: Being partner with such a huge company for just one project whilst only giving away 20% is massive (they could have easily swallowed us!). Would have loved to be a fly on the wall and hear what things were on the negotiation table

    Look at the upside, what this means for the long term future and development plan of the company. As soon as SK see that there is more money to be made by selling more product they need - a given - the more they can and will drive extra production, expansion, economies of scale and competitive advantage all round.

    I don't think neither we nor the market fully grasp what huge potential this deal holds.
 
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