Something to ponder
http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=3052896
SKI outpaced all the major battery manufacturers on growth of battery shipments. And it’s a trend set to continue.
Now consider what what determines a share price. Fundamentally is demand for your product. And of course your ability to supply it. So with SKI demand increasing its no wonder AUZ are trying to accelerate ALL their projects.
What if this scenario is that SKI will jump onboard as previously stated. BFS is almost ready and the $80m almost as good as in the bank.
BUT AUZ wanted to accelerate Flemington and had an opportunity to get independent funding to progress project number 2 because they KNOW the demand for their product is going to be so large that one project is not enough to supply it.
There are always multiple angles to every story. Keep remembering that even if we have to suffer dilution or SP raids. The instos are doing it BECAUSE they can see the SP going up. So I say this is a temporary market response to what in the surface is dilution but in reality it’s accretion because it puts 2 projects within striking distance of a major demand coming our way.
There is way more to this story than just one finance deal. BB was clear many many times that AUZ was very comfortable about getting funding. This is an example of this confidence. Our board has significant holdings and they are just as affected my any SP movement as any other shareholder.
Think about this logically. What happens to the SP when 2 $5B projects come online?
The age old formula of
sales - cost - tax = earnings
earnings x 10 / shares on issue = share price
Do your own calcs and then think about why the instos are here and would they be here if this wasn’t real?
NOT JUST ONE PROJECT. ——— TWO!
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