Massively disappointed in this result but I genuinely believe there are a few silver linings
The way this has played out suggested a couple of things
1) the board are confident of finding an alternative off take partner. They wouldn’t have terminated otherwise. Renewing would have been the the way to go
2) the board genuinely believed SK would sign before the deadline. They wouldn’t have structured the SSP for the AGM the way they did otherwise. AGM will be a shit show.
if you take a combined view considering these two points the right decision was made overall.
the termination of the agreement suggests supply chain tightening is well under way for both co/ni because the AUZ board wouldn’t have done this now otherwise. This bodes well for the next 6 months.
what Is most important now is we hang onto Marcus and BB gets to work with new partners.
small chance SK come back and submit a prepayment schedule but highly unlikely.
- Forums
- ASX - By Stock
- Ann: Sconi Project Offtake Agreement with SK Innovation
Massively disappointed in this result but I genuinely believe...
-
- There are more pages in this discussion • 1,038 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
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.18M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $1.563K | 222.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 9836849 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 2799869 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 9836849 | 0.007 |
26 | 42035112 | 0.006 |
16 | 28977865 | 0.005 |
9 | 5754750 | 0.004 |
5 | 3260000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 2749869 | 19 |
0.009 | 4508568 | 14 |
0.010 | 3415582 | 21 |
0.011 | 1631002 | 9 |
0.012 | 3343622 | 5 |
Last trade - 15.57pm 12/09/2024 (20 minute delay) ? |
Featured News
AUZ (ASX) Chart |