Looks like the clock is going to run down on ‘finance wrapped up by the end of June’, but I’m sure the experts & their choir will wriggle out of admitting it’s not another miss.
The question now is if SK doesn’t take up the options they didn’t take up over the last year will they be willing to renegotiate & if they are will the AUZ board be realistic enough to accept their terms? We’ll most likely hear things like ‘it’s all behind closed doors so we can’t ever know’ etc etc but the thing that any saying that will miss ( purposefully ignore ), is the fact that if either side was willing to ‘meet in the middle & get the job done’ that it would be put to an EGM or some such.
Costs have gone up & market cap has collapsed so that tells me any renegotiation is going to be tough in comparison to the original agreement.
It really is a case of ‘abandon logic all ye who enter’ much of the time & that’s the elephant in the room for me. There are bigger & better managed deposits out there run by prudent teams & in one case one that by its actions shows that shareholders are at least very well considered but hey- apparently it’s ‘Sconi or the world will end’ here so... let's watch the parrots sing & the experts conduct the chorus.
If only projected costs here were lower than $5 & the company would be safe with 100yr average prices- $7lb for nickel & $27lb for cobalt, things might be different, but they’re not.
Yet NAIF can supposedly come to the rescue with no surety of return of any kind. That misapprehension will be something to watch.
Oh well- we non holders can suffer elsewhere- I’ve got the troubling decision of what to do with a potential 10+% dividend this year myself. Whatever shall I do?
Enjoy a return on my investment thanks to a highly & meaningfully invested board, that’s what.
End of year ideas from a dummy like me? Take a broom to the boardroom & sweep it almost clean. Keep Marcus & whoever else hasn’t laughed while the company flounders.
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0.8¢ |
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Mkt cap ! $11.18M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $15.90K | 2.227M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 5373543 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 2804428 | 18 |
View Market Depth
No. | Vol. | Price($) |
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7 | 5373543 | 0.007 |
26 | 42060112 | 0.006 |
17 | 31977865 | 0.005 |
10 | 6504750 | 0.004 |
5 | 3260000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 2804428 | 18 |
0.009 | 4508568 | 14 |
0.010 | 4165582 | 22 |
0.011 | 1631002 | 9 |
0.012 | 3343622 | 5 |
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