You will end up loosing more capital unless you accept the fact that sk exploited inexperienced management in Auz to hedge there bets and string them along to see what might eventuate with the project and landscape in general without outlaying a single cent.
The projects metrics are marginal at best at present, the Co can’t get finance and SK are not interested in helping in any way, not even considering a prepayment option, so that’s what they think of Sconi.
Wake up and smell the roses, all this crap about good things come to those who wait, the Co being in lock down as massive deal is done, bla bla blah, more like in hiding because this whole thing is now being exposed for what it is.
The whole Bergen disaster and Pattos special cr ,making a whole lot more sense now chief???And that’s just a couple of the many glaring red flags.
Sure traders are gunna be all over this for a bit hoping for a pip or two and no doubt this mob will have a spiel at the agm telling how there gunna do this and that BUT at the end of the day money talks and bullsh$t walks and it will just be more of the same crap as more crs and dilution just suck the last drops of blood out of this thing just like how so many other penny dreadfuls are playing out now.
Ps you know things are a total sham and circus when the likes of bubbles comes on the scene spinning absolute fanciful rubbish to try and keep the desperate sheep interested so as traders like himself can pick the bones of the carcass.
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Ann: Sconi Project Offtake Agreement with SK Innovation, page-347
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