AUZ

7.69%

1.2¢ australian mines limited

AGM, page-116

First 116 Last

Share
Profile

Follow
tedhunter

777 Posts.

84

19/11/19

20:35

Post #: 41516785
Share

Originally posted by Xerx ↑

Ted
Good catching up with you and good to see that many shareholders were constructive in their criticism and thoughts. I feel for those that have incurred huge losses (as I have) but feel that the AGM would be far more constructive if discussions were civil.

I have not read through the numerous threads on HC but here is my high level take away, in no particular order (as I headed out to golf straight from the AGM) Excuse me if I have repeated some points

- Discussions with SKI are still ongoing but they no longer have exclusivity.
- AUZ decided not to extend the LFA as SKI did not come up with funding levels that met AUZs acceptance
- Discussions ongoing directly with Vehicle manufacturers and financiers including NAIF, QLD Government and Export Credit Agencies
- EV roll out slower than expected that has put battery industry on backfoot in the short term and subsequent Cobalt pricing
- All banks, financial institutions and NAIF are still in the game
- Discussions with previously identified potential off take partners is being pursued. (AUZ naturally cannot state that they were talking to other parties whilst SKI agreement was in place)
- Prescribed Project Status very helpful in expediting process
- Termination of SKI LFA does not have any long term impact on NAIF, but an Offtake agreement is a pre-requirement for any release of funds
- SKI is running behind on its projects and was using The AUZ deal to promote supply agreements
- Flemington drill results due early 2020. Selling down such assets could become part of funding option
- Next Off Take agreement will definitely include a prepayment clause.
Hopeful to make an announcement within next six months and before the next CR is required
- Consolidation is not favoured by BB but would likely be required by financiers
- Cobalt suppliers are fast disappearing as funds have been diverted after price drop from $90K to $30K/ton. Less options for battery manufacturers even SKI
- Battery materials alone for VW will require 5 mines like Sconi. Serious imbalance in demand and supply
- QLD govt is assisting with financing discussions
- BB remained a bit evasive when asked about Matt Canavan recent public comments on Sconi. Good sign if we read between the lines
- Chair gave a high level comment on Marcus Hughes’ departure
- Shareholders were extremely vocal about being mislead and losses they were suffering and hopefully the message sunk in with the board

GLTAH

Expand

Xerx ... great meeting you .. our converse prior to meeting was a good footing of issues ... SERIOUS CONGRATULATIONS on your Report Info .... very precise ... well done ... in agreement with SH's concern's and the fact that BoD did take heed to concerns ... everything still in place ... except SKI Exclusivity ... ( still wouldn't touch them ) .... product still there .. 4 years to delivery ... 2 to 3 was in my head ... but hey .... extra 1 to 2 years and product demand increase can only mean Value Increase ... Fundamentals are still there and still strong .... happy days coming ... ( long term ) ...

AUZ Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
15 Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

TYX

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

First 116 Last

Add AUZ (ASX) to my watchlist

(20min delay)
Last 1.2¢		Change -0.001(7.69%)		Mkt cap ! $16.78M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$11.7K	975.0K

Buyers (Bids)

No.	Vol.	Price($)
14	35271719	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	612037	2

View Market Depth

No.	Vol.	Price($)
14	35271719	0.011
9	11019476	0.010
7	11055000	0.009
12	13278861	0.008
10	4374286	0.007

Price($)	Vol.	No.
0.012	612037	2
0.013	1944432	6
0.014	2984514	10
0.015	2256028	11
0.016	5669897	19

Last trade - 16.10pm 15/11/2024 (20 minute delay)

AUZ (ASX) Chart

AGM, page-116

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Cyclone signs MOU with Vale for development of Iron Bear play

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Banshee's historic trenches prove rich in antimony and gold for GDM

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

AGM, page-116

Top Stories

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Cyclone signs MOU with Vale for development of Iron Bear play

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Banshee's historic trenches prove rich in antimony and gold for GDM

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News