Just more of the three ringed circus acts we’ve seen before...
”extend the end date for satisfaction of the conditions precedent to 31 October 2019”
”If SK Innovation issues an agreed pre-payment / finance letter to Australian Mines by 31 October 2019, the parties will proceed to negotiate and finalise the formal documentation (including the specific terms and conditions) with respect to that support by 31 January 2020.”
”the formal documentation for that support not be agreed by 31 January 2020, the Offtake Agreement will automatically terminate on the basis that one or both of the conditions precedent to the Offtake Agreement as described above were not satisfied by that date.”
”Australian Mines would agree to a further period of 3 months (to 30 April 2020) for the remaining financing for the Sconi Project to be secured. ”
-F**k me does anyone think this is actually a good thing?? Auz management have had ample time to resolve these contracts!!
-30 April 2020??? Really??
- wasn’t it meant to Automatically expire yesterday!!
- just keep getting strung along, kicking the can further down the road!!
-can’t believe it was to be different this time round!’
No Good!!
Ann: Sconi Project Offtake Agreement with SK Innovation, page-28
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