AUZ

0.00%

1.0¢ australian mines limited

Ann: Binding offtake agreement signed with LG Energy Solution, page-422

First 422 Last

Share
Profile

Follow
Kevch00y

325 Posts.

42

19/08/21

12:53

Post #: 55413611
Share

Originally posted by Koala1959: ↑

The LG agreement is a major step forward for AUZ - it is a signed binding agreement with a huge multinational company.

It is ludicrous and incredibly naive to suggest that LG would sign a binding agreement for the supply of raw materials they need without fully considering the likelihood the project would proceed - look at the comments in the announcement issued by LG that is not an announcement by a company that does not fully expect Sconi to proceed.

LG would look inept and damage their international reputation as a company to sign a supply agreement like they have, come out strongly with statements like they have and then see the project not proceed - why would they bother? they need the raw material and there are other options around to source Nickel and Cobalt.

What LG has issued is a offtake agreement no doubt to support a funding proposal - we do not know if there are any other aspects to the relationship - perhaps LG is involved in the funding, perhaps they have committed to an equity component in the funding but have not announced it yet - just because SKI included equity in their non binding proposal doesn't mean that LG has to or indeed at this stage that they have not committed to some level of equity as a part of a successful funding package. Perhaps they have committed to some level of pre payment.

All we can do is speculate about what the funding will look like, will there be NAIF funding, what if any concessions will the Qld Government offer. what will be the equity injection requirement if any into any successful project funding.

I appreciate that you and some of the non holders have differing views to what I have expressed - certainly there is no guarantee that funding will proceed - one thing I can guarantee from experience when I was involved in syndicates funding projects like Sconi is for LG to issue the commitment they did and make the public statements they have, they consider the project commercially viable and that project funding is likely to be achieved.

Expand

as i said, sit back and relax, wait for round 2.

as its stand, its beliver 1, non beliver 0

AUZ Price at posting: 2.3¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Bitcoin investors need to know the risks

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

There are more pages in this discussion • 1,276 more messages in this thread...

First 422 Last

Add AUZ (ASX) to my watchlist

(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $13.98M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$29.27K	2.917M

Buyers (Bids)

No.	Vol.	Price($)
25	5699719	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	10400	1

View Market Depth

No.	Vol.	Price($)
24	5588719	0.009
31	13527000	0.008
38	9626419	0.007
18	6275551	0.006
14	18300000	0.005

Price($)	Vol.	No.
0.011	7744099	24
0.012	7631214	14
0.013	2560000	8
0.014	3383092	9
0.015	1146518	8

Last trade - 15.58pm 12/07/2024 (20 minute delay)

AUZ (ASX) Chart

Ann: Binding offtake agreement signed with LG Energy Solution, page-422

Nimy to raise $1.21M to explore 'newsy' WA targets

Immutep reports strong response rate from immunotherapies treating carcinomas

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Bitcoin investors need to know the risks

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Binding offtake agreement signed with LG Energy Solution, page-422

Top Stories

Nimy to raise $1.21M to explore 'newsy' WA targets

Immutep reports strong response rate from immunotherapies treating carcinomas

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Bitcoin investors need to know the risks

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News