AUZ 0.00% 0.8¢ australian mines limited

Ann: Sconi Project Offtake Agreement with SK Innovation, page-114

  1. 325 Posts.
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    only 3 things you can do : top up, sell or hold

    for many whom are deep in the red zone, i guess they would hold, hoping AUZ will find another partner in the not too far future, and have a much better outcome than SKI

    those who bought in at sub 2c, most likely will sell for a small profit or small loss

    I cant see why anyone would top up today. obviously there will be CR coming, and more downward pressure on SP.

    anyway i am those deep in the red zone, so might as well put shares in the bottom draw hoping one day SCONI will be mined.

    I think the offtake agreement and the previous Bergen deal was poorly handled by BB. hopefully if Marcus do stick around, any future CR and offtake will be done in a much better way.

    lastly, I urged all shareholders to vote NO at the AGM not to give the BOD anymore cheap free shares. They dont deserve it.

    and of course all of the above is in my own opinion. whatever is your decision, good luck !!!
 
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