That’s exactly what I said. They would have taken cash only if they saw sconi as a dead end. Should the deal get done, they will become shareholders in AUZ in the future and it will be a win-win if it produces $s. I have no issue with selling sconi to fund our Bauxite project. My point is that they offered it for sale cheaper than it seems to be worth. A rational person would question why the prospect of buying sconi has had such an effect on AUZ SP when it didn’t have the same effect on mlm sp before the sale was on the table.
Either way, it’s a good day for mlm with another mill in the kitty should auz choose to move forward.
Ann: MLM: SCONI Sale and Purchase Agreement, page-43
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0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.58M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $5.142K | 549.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2395023 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 9018894 | 28 |
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| Last trade - 14.45pm 24/07/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |