Share
96 Posts.
lightbulb Created with Sketch. 19
clock Created with Sketch. 30/05/18
18:52
Share
Originally posted by Grimcon
↑
I wasn't able to make the meeting today however have some notes that my partner who was able to attend made for me, and I thought I'd post as they may (or may not be)of interest to some of you. AUZ AGM Notes Let's start with SKI AAA- Credit rated company My partner shared what he knew about SKI borrowing rate of 4.1% and BB agreed and asked how he knew that and my partner answered he knows people. SKI has offered funding to AUZ for plant build SKI have two conditions placed on them by Mercedes Benz Must build supply plant in Europe Must be ETHICAL COBALT Samples have been delivered to SKI Quality has passed SKI requirements AUZ and SKI have agreed on Dutch laboratory to be the independent tester of all future supply. The Pilot Plant is now mainly working on PERFECTING THE PROCESS AND OUTCOME TO BE A CONTINUES SAME EVERY BATCH QUALITY. No consideration will be given to SOI Consolidation A loyalty option offering will be considered once my partner presents it to the BOD ALL WA gold tenements will be packaged up and offered as an IPO on a 50/50 basis SKI will take up one board seat SKI wanted 30% but BB and the BOD decided against that and offered only 19.99% Australian government and State government have so far shown great interest and some help is forthcoming Sconi is the main game and the resource upgrade could be huge as far as to say it could be a 35 to 40 year mine life. But will help to mostly increase the ore grade dramatically Flemington could very much end up being a feeder for Sconi also to increase grade Paying down debt will be of most importance but so is paying dividends. These were the answers from my partner who asked over twenty questions as the family hold a eight figure amount of shares There is a lot more that he asked in private conversation but can not discuss in an open forum. All he can say is he has a à with the BoD that they will not a selling a single share in the next five years. AUZ shareholders do as you like Buy more Sell all Hold all You would not ask for a better BoD or MD than BB THIS COULD END UP BEING THE NEXT FMG HERE IN AUSTRALIA I KID YOU NOT. AUZ is not the type of company you make a bit of money off and go off and buy a hilux. AUZ is A LIFE CHANGING EVENT
Expand
Can anyone else confirm whether or not there was mention of Flemington being a feeder to SCONI as per this post?? It's 2000km by road from Parkes to Greenvale in QLD, if it's more practical to truck it to Nth QLD to feed SCONI then build something on site it must be looking like a pretty damn small resource... am I reading that comment right?? Shoot me down if I am not please...
(20min delay)