"I am also of the belief we should see SKI taking up their...

First 306 Last

Share
Profile

Follow
Hephestus

542 Posts.

44

24/11/18

21:45

Post #: 36629643
Share

Originally posted by killfeather: ↑

Hi folks some additional information I remembered from the recent AUZ AGM I attended in Perth.
BB said words to the effect that the Uranium issue at Katanga Mines owned by Glencore would result in a 25 % reduction in Global cobalt production. He explained the significance of these latest events and positives for AUZ mines. He said investment managers were aware of ongoing geopolitical risks of investing Africa but now a new risk factor had emerged i.e. the mining risk of uranium has now weighed heavily on the region. He said words to the effect that it was a huge positive for Australian mines and he has been getting a lot of additional interest as a result.
On the subject of Scandium Oxide BB said he can sell it all day at $1000 US, but demand falls off as you increase to say $2000-2500 upwards
He explained that the biggest risk or impediment to the mass adoption of scandium is the big companies like Airbus are nervous about being locked into scandium contracts and being held at ransom with ever increasing price increase. These companies want security of price and be convinced of this.
BB also said that it was the banks that insisted on putting a 10 % sale of scandium in the BFS to make it as close to reality as possible
Ben said Scandium was not a big driver at this stage for the Sconi project, so they will just stockpile it out the shed at the back until the market develops
BB explained in answer to a question to someone that Scandium did not cost the company anything as was produced as a bi-product of the process flow sheet
On a lighter note BB mentioned on at least 2 occasions about Hot Copper both prior to AGM and during. He made comment about the extremely negative views of many on the AUZ mines forum which he seemed at a loss to understand but smiled and dismissed with a casual shake of the head. Certainly, BB sounded comfortable and relaxed about financing and the future and gave me great confidence in the project.
His demeanour stood in marked contrast to the extreme negativity and fear projected at times on hot copper.
I am also of the belief we should see SKI taking up their 19.99% Option of $80 million by December 31st.

Then hopefully the process will be followed in the first quarter 19 by NAIF funding and subsequent funding by the consortium of banks.

To all shareholders I say Keep the faith!

killfeather

Expand

"I am also of the belief we should see SKI taking up their 19.99% Option of $80 million by December 31st."

Something BB said?

AUZ Price at posting: 4.6¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

There are more pages in this discussion • 114 more messages in this thread...

First 306 Last

Add AUZ (ASX) to my watchlist

(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $12.58M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$29.77K	3.308M

Buyers (Bids)

No.	Vol.	Price($)
30	9036857	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	970180	4

View Market Depth

No.	Vol.	Price($)
30	9036857	0.008
34	7504808	0.007
13	5402291	0.006
8	24150000	0.005
5	3850000	0.004

Price($)	Vol.	No.
0.009	970180	4
0.010	6463127	26
0.011	5561870	20
0.012	5975576	11
0.013	2310000	6

Last trade - 16.10pm 25/07/2024 (20 minute delay)

AUZ (ASX) Chart

"I am also of the belief we should see SKI taking up their...

Geochemical work at Newington picks up gold and copper anomalies for Midas

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

"I am also of the belief we should see SKI taking up their...

Top Stories

Geochemical work at Newington picks up gold and copper anomalies for Midas

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News