AUZ australian mines limited

12.5%

0.7¢

Ann: Investor presentation, page-406

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Bomber78

12,264 Posts.

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03/05/23

23:11

Post #: 67595620
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Originally posted by Koala1959 ↑

I admire your fortitude in continuing to engage with the ongoing sniping by some of the non holders I can't see much point currently in the absence of any new information.

Yes the Board is not great, the SP has tanked, they got fined by ASIC etc etc it's an open forum so within the guidelines you can post what you want but constantly posting variations of the same observations if you are a non holder seems pointless.

The reality is LGE despite all the negatives the non holders continue to bleat about are still around and still talking so a revised deal is still possible at the moment and the fact they are still discussing means LGE must think a deal is possible (that is unless you subscribe to the theory / fantasy that a multi billion dollar trans national company sees some benefit in sitting on an a offtake agreement that is no longer relevant as the counterparty has changed the nature of what they will produce and which according to some here can't be funded).

For me it is far more logical to assume the fact LGE are still there means they think a revised offtake can possibly be negotiated to their satisfaction, with the next logical conclusion if LGE agree to a new deal they would also have done their DD that the project had a reasonable chance of being funded (it would he a bit pointless LGE negotiating a new proposal if they have no expectation it can be funded).

LGE could walk away tomorrow but until they do a revised agreement is still possible ....... and LGE in continuing to negotiate would be fully aware of the general quantum of the funding required, the makeup, past history of the Board, the likely grades etc etc

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You are away with the fairies. The ONLY reason they are ‘here’ is because this particular company said you can have it all for $0 upfront.

unbelievable, hence where we are today at $13m mc!

AUZ Price at posting: 2.4¢ Sentiment: None Disclosure: Not Held
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Ann: Investor presentation, page-406

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