AUZ 6.25% 0.8¢ australian mines limited

Oops- now we have a BFS to redo. A company to restructure with...

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    Oops- now we have a BFS to redo. A company to restructure with spin offs. A new team to get a handle on what’s going on.

    All that and finance by the end of June?
    Call me all the names in the world and discuss as many off topic things and other companies as much as you like but all I can say is never gonna happen.

    I think the most they’ll be able to achieve is a CR, but I’d say that’s more likely after June and most likely off the back of an ‘exciting’ extension with LG for yet another $0 commitment which will ‘provide the basis for funding!’

    It really is a path littered with… CR after CR and not much else.https://hotcopper.com.au/data/attachments/4055/4055513-13569177d84da4c3c80449e46ded2174.jpg

    10 years to go from… 19~ cents to…. 19~ cents.
    The price spike? Cobalt price panic plus offtake partner.
    Today? Good prices but certainly no panic and and offtake partner. Therefore best of times minus one of the only two points that pumped the price.

    Now that’s not what I’d call meaningfully progressing the company or its projects in anyway that rewards the shareholder.

    Oh well! At least it’s Friday!
 
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