AUZ 7.14% 1.3¢ australian mines limited

Ann: Granted Greenvale Mining Lease, page-121

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  1. 1,649 Posts.
    lightbulb Created with Sketch. 1293
    Ok you don't rate the Sconi resource - can you therefore explain why after their due diligence process LGE signed a long term offtake with no condition re the resource the only condition being funding.

    While you are at it you might explain why after AUZ were unable to get funding, LGE have extended the offtake for an undetermined timeframe and if we can believe announcements and based on the fact they have still not walked away by July they must still be interested in getting a deal negotiated re the resource.

    A number of non holders regularly raise issues re the nature of the resource regularly but LGE it would seem don't share the concern re the resource.

 
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