Ann: AUZ secures $12 million investment from US fund, page-296

Hi CS
You are so correct about the money.
I think one of the footnotes in the ann was quite interesting-

1 The terms of SK Innovation’s option to subscribe for up to 669,000,000 shares in the Company at 12 cents per share, as detailed in the Company’s announcement via the ASX dated 19 February 2018, remains unchanged. Australian Mines’ ability to fund its planned program through to final investment decision is not dependent on SK .

They have given SK a good deal on Sconi OT and I would guess did not want to be beholden to any other conditions that SK may have imposed for financial assistance. Options for SK do not have to be exercised till 3 months after BFS which if they take full 3 months would have meant either giving up Flem to conserve cash or (a) doing a deal with SK or (b)someone else to fund acquisition, they decided to take (b).
IMHO this is the better of two evils to give them free agent bargaining power for possible OT discussions with other parties should Flem reach that stage.