Where does their announcement say that?
The only thing I read is this...
The Agreement is subject to the following material conditions precedent:
• sample validation to be conducted is satisfactory to SK Innovation;
Doesn’t this sound subjective and therefore really at SKs ultimate discretion?
If you can tell me without doubt that this non binding term sheet automatically turns into a legal document at anything other than SKs discretion to the point above then sure I’ll believe you.. but that may be a struggle.. also if they don’t exercise their oppy doesn’t that kind of kill it all anyways?
All I’m saying is that the completion of term sheet conditions is not a given - more for the benefit of those gullible punters here who see 12c in a forum and think they have already paid AUZ the Cash for the 19.9% share...
But hey of course I’m not ramping and saying ‘toot toot here comes $1’ so I’m a target here...
GLTA
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- Ann: AUZ partners with SK Innovation to develop Sconi Project
Ann: AUZ partners with SK Innovation to develop Sconi Project, page-101
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