AUZ 0.00% 0.7¢ australian mines limited

Ann: AUZ secures $12 million investment from US fund, page-65

  1. 6,265 Posts.
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    Don't kid yourself, Mikesz. SKI do not care about AUZ in any way shape or form. They are only here to secure supply of cobalt. If that means they have to take a stake in the company, then they will. Having them hold 19.9% is not as enticing as you may think. They will not be there to prop up our share price. They will want to ensure supply - that's it. If they have to write down their investment in AUZ to zero then they will do that. It will not be even a blip on their balance sheet.
    The mob that will have a more direct and meaningful impact on our share price will be the entity that is primarily focused on maximising returns from financing deals ...... i.e. Bergen.
 
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