Not Based On Facts Nor Track Records of the Board.
"If we are close to finance"
Been chasing that for nearly 3 years.
"We have come this far with the BoD in place"
See Above.
"June deadline"
Maybe you haven't read the announcement its states "Deadline can be extended by both Parties" smells much like the same crap they pumped out with the SK deal.
Yes Common Sense is required here, imho my common sense tells me this board is doing another wash job on the Shareholders with the Resolutions put forward some have different opinions.
1: Remuneration nobody said they shouldn't get paid for getting a job done but all they hace done is signed another offtake that means zilch until finance is obtained.
2: Ramsden 're election yes still remember Terrain Capital and how the mates pockets got filled at the expense of retail dismally failed to get the job done for to many years as a Financial Wizard unless of course it was for his mate's.
3: Annual 10% yes we all know that but the company don't want you to Vote on it in other words sit in the corner DO DO and shut up, we want your cash not your input to any voting required.
4: "Don't understand you" We have an IR person in place, anyone can ring any company anytime maybe you don't understand the meaning to their wording its states all meetings to be Virtual they don't want anyone at the AGM's in the future not sure how you wouldn't understand that.
5: Loans for purchasing"
Maybe read this announcement properly there will never be any skin in the game if they don't pay for them.
6: Past History tells us this BOARD is so arrogant towards shareholders that this will not change.
7: Haven't seen Management but anything maybe 3 or 4 years ago when the SK deal was announced but since then and more importantly after signing LG they have bought nothing to show anything they have on the table is a goer if it was surely they would want to show holders their full commitment to the company but Zero Zilch.
8: Consolidation, "Sometimes it's not good"
Like 1 in a 100 not good so agree and based on this company's directors its really not good and there is no need for it its a way and means to continue when they fail with obtaining finance something that they have been very successful at "Failing On All Accounts" for many a year.
So yes we all need some common sense mine is based on facts yours are based on If's and Maybe's and the BoD common sense in this case is to grab what they can whilst they can as per the Resolutions are based on Greed, imho.
AUZ Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
(20min delay)