I agree a carefully worded statement but given their past ASIC issue that is not unexpected.
Given there has been no announcement by AUZ that the negotiations with LGE are not still live it has to be assumed that LGE are still there - given the commentary in the late 2022 announcement and in the Prospectus they would have to announce if LGE had walked away.
I have speculated for a while that there may well be some issues that LGE require to be in place before they formally commit to any collaborative relationship - the Greenvale mining lease would certainly qualify as an element of any preconditions LGE might have.
Still a very risky investment but perhaps with this announcement slightly less risk - shareholders just have to wait and see.
Ann: Granted Greenvale Mining Lease, page-43
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