AUZ 6.25% 1.5¢ australian mines limited

Ann: Trading Halt, page-161

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  1. 6,572 Posts.
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    I really doubt any shares will be involved.

    It will just be a funding deal.
    I.e. Company X to buy X amount of cobalt at price X
    Equaling 2 billion dollars. 200 million of which will be paid upfront to build the plant (in part). (I made up the figures)

    I could be completely wrong on that. But it's how I'd do it.
    But you need a partner with the resources to do that.

    Btw, for people who don't think bmw will buy from Australia. Do you remember this quote from bmw?

    "we have a detailed strategy for the future that secures our volume need as well as the origin and the type of production, so that we can obtain it in good conscience,” Zipse said

    In short, they will bypass the drc.
    Last edited by Tony barber: 12/02/18
 
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