AUZ 11.1% 1.0¢ australian mines limited

Ann: Sconi Off-take Update, page-42

  1. 913 Posts.
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    HI,.

    Tell me if I am wrong.

    Does this not also open the door for SKI to give debt to AUZ...in the form of a loan (they do own banks remember). 
    Marcus is good at what he does, and I believe, IMO that he would be thinking that raising debt, especially now with a resource upgrade, that would enable the company to pay back the debt quicker also. 

    I for one am quite pleased, as there will be no further dilution....remember, there are other ways to raise debt other than giving away shares.

    The binding agreement is still in place, and they are still taking 100% of the product....that should tell it all.

    IMO - the share price has been just manipulated over the past few months by insto accumulating as they know that AUZ is a sleeping giant. Sorry to say, they feed of all the negative sentiment from forums like HC, and influence investors with downrampers (we know who they are - the 3-4 constant downrampers that have nothing better to do than scare people out of their investments)

    This is my take:


    1. One of the only few companies on the market with a binding agreement for 100% of its product for 7+6 years. Stated in todays announcement.
    2. The quality and experience of human resources that are working for AUZ - unbelievable.
    3. NAIF - DD stage plus the project status it has just received recently.
    4. The recent resource upgrade, for any company would have sent the SP north, way north....but it was kept at bay.
    5. Management also have a lot of skin in the game, they are not trading shares....as they know what the value of their shares would/could be down the track....
    6. Samples already exceeded clients requirement...

    I am just stating facts..from how I see them...

    GLTAH..

 
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