Battery Giant LG Chem Prepares to Lock In Mineral Supplies (yahoo.com), page-73

This post is my own opinion, I give no advice and the post is relevant to the thread and conversation being discussed here.

Hi JBT
Those of us that look objectively at AUZ know that AUZ management are incapable of raising the funds to develop the Sconi project without help.
The financials do not measure up IMO and it is that simple, so, going it alone3 is NOT possible in this current financial climate.

The reasons why LG are hanging around, in my opinion
- Because they can at no cost to themselves.
- Because they have a blocking stake in AUZ and that suits their control the resources model.
- Because they know AUZ has nowhere else to go and are using that to their advantage.
- LG will not fund the Sconi project because they in my opinion have reservations about AUZ management. (Politely)
- They also know that Sconi is in the tropics and is subject to high annual rainfall, a disruptor.
- They also know that Sconi was mined previously and it was abandoned as not financially viable when the easy pickings were gone.
- It also is a fact that the rail infrastructure to Greenvale was removed decades ago
- It also appears that Sconi is not development ready, needing a back to basics development plan with all the missing studies that have not been done, or not been done properly.

@Gccc12
In your backup plan have you considered the following.
That the peer in WA have been courted by LG at their premises in an AUSTRADE delegation more recently.
Have you considered what might happen if LG substantially engaged with that peer in WA with the largest nickel resource in Australia with high quality competent board and management.
Do you think LG will continue to engage AUZ, I think they will, because they are getting something for nothing and while that scenario exists there is no incentive to leave the agreement.
AUZ is in an agreement that is symbiotic to both LG management and AUZ management, they both benefit and both have no real incentive to change that at this stage.
The only losers are shareholders.
Even the QLD Government and NAIF left the party.

Please tell me Gccc12
When last did AUZ make any notification about actually increasing the resources, something like actual exploration, actual drilling, drilling results or anything that management have achieved like APPROVALS moving the company forward in a material manner. Remembering that Michael Holmes said AUZ needs to increase the reserves from where they are at the moment. Blatant admission that the current resources do not stack up size wise, (Resource Tonnage nickel)
Why have management done nothing YET, is it perhaps to conserve cash ?????? (For wages and director fees)

AUZ market capitalisation is $23.8 million
Share price is 4.4 cents and capital raisings are taking longer than ever and have to be incentivised with FREE options.

Gccc12, at what point do you recognise your position holding AUZ.

I wish it were different for AUZ, but its not and for me that is sad, it is also an incitement on shareholders accepting status quo.
This post is my opinion and I give no advice
RED