AUZ 0.00% 0.7¢ australian mines limited

Ann: Granted Greenvale Mining Lease, page-123

  1. 290 Posts.
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    Due diligence is usually performed on acquations or equity stake transactions, as per QPMs ann (dated 08/06/21) it actually mentions "extensive due diligence was carried out by LGES and ...." Compare and contrast with AUZs ann (dated 16/08/21) - no mention of due diligence, you are adding extra words and trying to insinuate LGES are happy with the resources that is utter bollocks !!

    LGES signed a then binding offtake agreement - it is a simple demand / supply agreement for MHP, search (Ctrl-F) the ann (dated 16/08/21) for "due diligence".

    "LGE have extended the offtake for an undetermined timeframe" - not true either (AUZs ann dated 29/06/22). They mutually amended the "financing date" to 31/12/22. After which "LG Energy Solution may terminate the Offtake Agreement by providing written notice to the other party" - so it actually transitioned to "non-binding" (similar to an MOU as no-one is bound) - it wasn't "extended" as you put it !!

    "LGE it would seem don't share the concern re the resource." - LGES don't care about the resource as they have NO equity stake !! It is AUZs problem because it is a simple non-binding demand / supply agreement now.


 
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