Taken from the Quarterly Activity Report September 2020.
"All the samples produced from Sconi are supporting Australian Mines’ ongoing discussions with potential offtake partners to secure a binding offtake agreement and financing for its Sconi Project.
It is expected our selected partner will make a meaningful financial commitment to the project financing of Sconi as part of any offtake agreement".
The August 2021 Report also contained"
Australian Mines will now move swiftly to finalise agreements with a range of financing partners.
How does BB expect potential and existing shareholders to swallow his untruths when both the above objectives were never or have not been implemented.
No mention of any financial committment by LG since the announcement of the binding long form Offtake Agreement signed last August and "SWIFTLY"means: Without delay, promptly, quickly,speedily.
There are more,definitions however whichever one you choose, how does that equate to "the Company is set to further expand its project financing team during the first quarter of 2022 to assist in achieving this objective."
Some six months later and we are only now looking for people to "assist".
There is absolutely no concrete information to suggest a positive outcome will be achieved. We are still stuck with another "objective" however as history has shown Company objectives are continually ditched in favour of whatever suits BB at the time.
Can anyone really expect the financing package to be implemented by June 2021 particularly when there is an "out" clause.
Perhaps the ASX should take a close look at these statements and ask for an explanation because shareholders cannot get clariity and are shut out of Annual Meetings. What successful listed Companies treat their shareholders in this way.
- Forums
- ASX - By Stock
- AUZ
- Ann: Quarterly Activities Report
Ann: Quarterly Activities Report, page-18
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.18M |
Open | High | Low | Value | Volume |
0.8¢ | 0.9¢ | 0.8¢ | $88.75K | 10.80M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 10015708 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 300000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 10015708 | 0.007 |
26 | 41959946 | 0.006 |
13 | 28266865 | 0.005 |
8 | 4754750 | 0.004 |
4 | 2960000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 300000 | 1 |
0.009 | 2828721 | 11 |
0.010 | 3542764 | 22 |
0.011 | 3768820 | 11 |
0.012 | 3343622 | 5 |
Last trade - 15.55pm 13/09/2024 (20 minute delay) ? |
Featured News
AUZ (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online