Having provided the forum with important comparative information, Not all has been revealed YET.
I feel the need to clarify some points as I see them, In my own opinion.
There has been official information presented in announcements that I feel misleads, in my opinion
- Most here were surprised to discover that the Environmental impact studies were not completed or valid and there is NO approval in place today.
- Most were surprised to find out that Sconi has no mining permit in place.
- Most were surprised that there is not even a location in the leases that the proposed processing plant can be located, they have to obtain additional leases for this and applications are pending and not in place or granted YET.
- Most were thinking that Sconi was advance and ready to proceed to mining once finance was approved, this is NOT the case
- Most were expecting negotiations with LG to be completed by March, following many missed official guidelines by management, there is still no solution.
- Many here were told that there would NOT be a consolidation, WOW that came as a surprise to most.
- Capital raisings have been dime a dozen at AUZ, destroying shareholder capital.
- There is very little or NO exploration drilling taking place to expand the resource. Michael Holmes did say that this was needed.
With regards a partnership that can be expedited and executed to mining.
I believe that LG have declined funding to AUZ because
- The project is not BOOTS ready and does not have a mining license.
- The project is only scheduled for construction in 2026 and there are a lot of capital raisings and risks between now and then.
- LG may not trust the board fully.
- The project Sconi is NOT the best project available in Australia at the moment as evidenced in my previous posts on the matter.
The reason I post this information is to put the information on the public table in a reasoned format for all to make their own informed decisions.
I offer NO advice, You should do your own research.
RED
@Successwillcome
I still have a lot of disclosure, would you like for me to continue.
(20min delay)