AGM, page-208

So now we don’t even believe the Board’s own words.. unless it’s something ‘good’.

https://hotcopper.com.au/threads/ann-sconi-project-offtake-agreement-with-sk-innovation.5049448/

1. the conditions precedent which included finance ( set by SK ), were not met.
2. SK chose not to send a letter or prepayment.

None of SK’s decision to leave was up to AUZ.
If a letter/prepayment was received & rejected, then ppl could say AUZ told them to go. They did not.

Now the Board lets the cat out of the bag- ‘SK is still
in the mix’. Then another cat pops out- as per a fellow poster’s telling of what happened at the AGM- ‘no offtake, no NAIF’.

Yet the retail base seems determined to rewrite history.

Nothing changed with the AGM & it looks like nothing will for the foreseeable future- the new savior was sat with the audience like a spectator & so I fear that he will be able to achieve as much as Mr. Hughes did, who it seems left due to being unable to change how things are done. We can also guess that he held no hope for the immediate future with the current Board in control.

Another day, another drama & as always- nothing changes. Offering holders the ESP to smack down & be distracted by seems to have worked a treat. Whether it was intentional or not.

Matt Canavan is only going to embarrass Australia if he pushes this down the American’s throats. He is there this week? So they have most likely seen his recent TV interview & done their homework.

What will that homework reveal?
A ‘committed’ partner just walked.
Key staff have recently left.
They don’t even have a website.
The AGM was a complete fiasco.
Directors recently tried to discount their own shares & were knocked back, with great anger from their shareholders.

If anyone thinks that is a good look they need to redefine what good means.