AUZ 12.5% 0.7¢ australian mines limited

Interesting to note the projected cash flows for Q2 ( Period...

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    Interesting to note the projected cash flows for Q2 ( Period ending Dec 2018) & also reference to Terms of Option 1.4
    " Options to be issued following Shareholder approval. If not exercised, Options will expire three months after the date of delivery of Sconi Project Bankable Feasibility Study by Australian Mines, expected by 30 June 2018, or on 31 December 2018, whichever occurs first."

    As per this it's sure that SKI will be making a decision before 31st Dec 2018 on Options & if they exercise the option , company will have a cash injection of $80mn for 19.9% holdings. It would mean the company @100% is worth $400mn + .. & automatically brings strength in the balance sheet / cash flows & company's valuation .. Also , we might not need the Bergen's second payment .. So , all we need in next 2 months is Good BFS / SKI to commit to Options & AUZ to pay 3.4 MN for Flamington & clear of Bergen deal . In Q3 we can get more updates on Project funding .

    Guess all of this is possible & looks like management is moving in the right direction ..

    Would have been awesome if SKI took over the stock of all the "Nay Sayer's" first , would be nice to have a share registry of all the believers & holders who have faith in this revolution !

    Cheers
    TG
 
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