AUZ 0.00% 1.0¢ australian mines limited

AGM, page-175

  1. 3,573 Posts.
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    Hi Geo
    Noticed your posts are getting a touch emotional.
    Firstly you weren't at the AGM so please stop assuming.
    Secondly there is not to many Sconi type deposits with clean good grades of ni, co, Sc in a mine ready state* with a LOM 30yrs and minimum IRr worst case scienario of 15% increasing to LME plus premium.
    To state that no one will provide facility structures is purely speculation and usumption on your part because funding is in its final stage. It's now the offtake that is the condition precedent. Yes takeup is been shown to be not hitting analasysts mark in later part of 2019. This reflects macro conditions atm but bdemand for shipped crystal sulphates will definitely see Sconi snapped up. This was discussed at length including structured finance and NAIF. Not going into details with you as you seem to be agressive in nature of late and a hatred for this board.
    As for SKI walking. Not according to management. The option was there to extend. It was the BOD decision NOT to extend and open talks with other interested parties which in tern opened new facilitation structures.
    If you and Vintage are so he'll bent on all things AUZ, why didn't the pair of you come with me. The offer was there and you both would of had the opportunity to speak to both Ben and Domonic asking the right questions.

    *mine ready state......Brownfeild ex mining operation with most infrastucture in place.
 
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