AUZ 0.00% 1.0¢ australian mines limited

Ann: MLM: Nornico Royalty Agreements to be assigned to AUZ, page-139

  1. 4,825 Posts.
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    What’s changing here? Nothing good. The only changes have been a retreat from perfectly normal engagement with the market via a website & investor relations person leave- CFO leaving ( big gun brought in to get things cracking bailed after 12 mths ), & the non contributing offtake partner shying away.
    The company’s cash position has changed as well- as in it is running out.

    Nothing has changed for the positive.

    The best thing that changes here is the date.
    AUZ will not get a loan. The best hope is a funding partner.
    At this point in time there is no appearance of strength, prudence or even propriety here.

    All this comparing these things to home loans etc is beyond silly.
 
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