Ann: Notice of Annual General Meeting, page-125

I did wonder if you were actually serious suggesting the offtake agreement was 2 pages and a non specialist solicitor could be involved - if you are clearly you have never seen an offtake agreement - I can assure you they are a lot longer than 2 pages and to suggest anyone other than specialist solicitors would be involved is farcical.

Exactly what do you suggest LG should be paying for the offtake?

While I will acknowledge on occasions companies will inject equity or prepay to support a project that is certainly not necessarily the norm and it is a bit of a stretch to claim in those circumstances it is a "payment" for the offtake agreement (at this stage we have only been advised of the offtake - LG may or may not be involved in some aspect of the funding proposal).

LG have signed a binding 100% offtake for production at Sconi at market price - exactly why would you think LG have to "pay" for that?

Why is using the word commitment silly?

LG have legally binding contractual commitment to buy 100% of Sconi's offtake pending finance (no other conditions) - What would you call that if it is not a commitment ?

Reputation damage - I am not suggesting it would be huge and perhaps as you are suggesting LG would not care if the capital markets did not support a project they were supporting with an offtake agreement. That said I believe they would. LG did come out and announce the deal publicly. To suggest they have not done their homework on Sconi as a project and its chances of getting funded and the likelihood that Sconi will get funding and provide the resource LG require and have committed to buy if the mine gets going is naive in the extreme. Sconi may not get funded for all sorts of reasons, a capital markets meltdown for example, but certainly IMHO a company like LG would not want to see a project they had backed with an offtake agreement not get funding - it would inevitably reflect on LG in that the funding markets have not seen LG's offtake support as underpinning the project which is what offtake agreements are all about at the end of the day i.e. providing assurance to funders that interest and repayment of any funding is supported.

To rephrase your final sentence - Woohoo! Here’s to the binding contractual commitment LG have provided as a foundation for AUZ to put a funding deal together.

While I will not say the sky is the limit for the SP in the event AUZ obtains funding as that will depend very much on the terms of the funding and associated capital raise, I would hope shareholders will at least see a SP approaching what was seen post the SKI announcement (or the equivalent post consolidation).