AUZ 16.7% 1.4¢ australian mines limited

Ann: Retraction and re-release of presentation, page-30

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  1. 56,646 Posts.
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    This complete debacle is proof that the market place has humour if you look for it.

    12/02 Trading Halt: "pending the release of an announcement regarding a binding off-take agreement..."

    14/02 Vol. Suspension: "requested pending completion and release of an announcement regarding a binding off-take agreement ..."

    16/02: Request for Extension: "pending completion by ASX Limited of its review of the announcement regarding an off-take agreement ..."

    19/02: "a binding off-take agreement between Australian Mines and SK Innovation in relation to the Sconi Cobalt-Nickel-Scandium Project, which both parties have acknowledged in writing is legally binding and cannot be terminated by either party for convenience."

    19/02: AUZ partners with SK Innovation: "Signed off-take agreement term sheet ..."

    22/02...Trading Halt: "The trading halt is requested to clarify misinformation in the market regarding the binding off-take agreement ..."

    26/02 Vol Suspension: The voluntary suspension is requested to provide Australian Mines sufficient time to address and clarify some misinformation in the market regarding the binding off-take agreement ..."

    28/02 Retraction: "a binding cobalt sulphate and nickel sulphate off-take term sheet agreement ..."

    This, together with the "contats", ASX query, West Australian articles, JORC Code breaches, revised presentations, Corporate Governance reviews, etc ...

    Who was the chap who used to ridicule various entities on the back page of the AFR?

    You couldn't make this stuff up - a complete fiasco.

    Luck to all.
 
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