Their "track record" as such will not mean much if they do not get funding in place (a fairly ridiculous statement for them to make in the current circumstances) - a successful CR without a monumental discount to fund ongoing operations if no funding in place and LG pull the plug IMHO would have to be extremely questionable.
With the track record of the SKI extensions (albeit it was only a letter of intent subject to DD) I am VERY sceptical a LG extension with "funding still in negotiation" would be well received if that was all there was to support a operational funding CR.
At the very least past June if funding is not finalised and in place they will need a VERY strong Letter of Intent and LG acknowledgement if they are seeking a CR for operational requirements and even then I would expect shareholder scepticism would make a successful CR a difficult proposition.
AUZ Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
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