Ann: Binding offtake agreement signed with LG Energy Solution, page-1661

The problem of course is the offtake with LG is meaningless, there is no commitment from LG except to buy product IF AUZ can get funding. They had one of these offtakes back in 2018 too

How is it possible they have been on the cusp of financing for 3 years? It seems to be a very wide cusp


"get funding for Sconi if they do typically you would see some change in directors and management"

Personally I think they will need to do it the other way around. The current management did a fair bit of damage to their credibility with things like the London presentation and their games with the ASX that saw the stock suspended from trading a few times. To get what will be close to $2 billion AUD from someone, you're going to need people who the funders believe can deliver

https://hotcopper.com.au/threads/ann-response-to-asx-aware-query.4534625/page-3#post-36517443