SKI Pre-payment, page-478

the more I think on what I just messaged the more realistic it sounds . If I was SKI and if I was privy to all these discussions this is what I would do & would be a no brainer for me ( as it makes it win win for everyone) ..

benefits ,

- getting 19.9% of company for almost 65% discount from what was on offer 9 months ago .
- adding certainty to the projects after securing a stake in the company & worthwhile committing a short term loan in form of prepayments now .
- knowing what NAIF is almost about to offer so enjoying the benefit of insider trading without doing insider trading.
- knowing the future potential of the company with the sector they are involved in , projects in pipeline , resources they produce and dependence of all the battery plants on resources being produced . ..

- Forget about the interest on money they loan , they can make $200mn on $25mn equity stake over next 5 years & it would be a nice windfall plus gives them a control in vital raw material provider . It could be massive If they strategically support the company , they can convert and make $200 mn over 5 years on $25mn investment . Plus make a residual interest on $400mn short term prepayments even at 5% would be like cherry on top .

lets see how they structure it all .. definitely SKi in Box seat with all this .. NAIF should be more aggressive and support AUZ nicely and give more certainty to give them a better negotiating hand .

cheers
TG