AUZ (ASX) Ann: Trading Halt

Originally posted by Kablooey ↑

I’d say SK won’t chip in until financing is secured, as they have already shown once at the very start of the options negotiation ( no financing, no uptake ).

Prepayment.. A good test of an idea? Put yourself in their shoes. Would you prepay for something which didn’t even have the financial wherewithal to guarantee its eventual ability to deliver on the terms of the prepayment? I wouldn’t.

Strategic? Surviving is its aim, not much more- survive until either:
A . financing or B . necessity for yet another CR.

Regarding NAIF:-
The weatherman may be raining on this parade at the moment to some degree to, literally.
The current flooding near Townsville might only be damaging roads etc right now but the timing for what is very normal in QL is no good. If there isn’t anyone in the government hearing the word ‘Vale’ come to mind when putting the idea of a new Tailings dam near Townsville, there should be.

I’m not saying that there is anything wrong with what the team here have in mind but all the same- feelings matter & voters aren’t often all that keen on new mines near the coast of a major town ( small city? ).

The people who might work for the mine in some capacity are another question but we all know what the environmental people are like- relentless.

Another fly in the ointment there? The massive discharge of pollutants set to be thrown at the Great Barrier Reef.

Farmers etc have been getting away with a lot more than they should considering the long term, very stable, tourism ( & source of national pride to all Aussie citizens which many of us in other states hold dear ), value.

I can see some very, let’s just say, interesting questions starting to be asked about that this year because the people looking after it ( Great Barrier Reef ), have also been seen to have allowed things that shouldn’t really happen even under existing laws to have occurred recently.

I’ve enraged a few here by providing context for my thoughts regarding my investments by showing my hand on another register which anyone can look up.

I’ll give context which will probably do the same again for the above politically framed thought bubble- a relative of mine is currently on the NSW legislature with the Greens. ( no I do not have contact with them in any way connected to investing, in fact we haven’t even spoken for over a decade ).

Whether my thoughts will show to be accurate or not is another thing but let’s just say I’ve listened first hand to a lot of political chin wagging from the Premier down ( not when I was playing LEGO in front of him- he was just a local MP at the time ), at relative’s houses, from a very early age.

Make of that what you will.

Let’s just say if I were in AUZ’s shoes I’d be looking in to methods of proving the dam/s against even higher levels of water than current modeling allows for. Go above & beyond or at least have some ideas to do so up the sleeve just in case voter sentiment promotes a little ‘groundbreaking environmental protections’ being created up near what we must all remember isn’t even just precious to Aussies- the World Heritage listed Great Barrier Reef.

Keep an eye out for international condemnation of the recent ( current? ), discharge that’s in the news at the moment. The ports up there will probably start to get a kick in the pants from the Commonwealth Government very soon too- it’s been a little bit of the Wild West up there in the last 5-10 years especially regarding the physical cutting of channels through the reef system.

Expand

The point I was making is the next 6 weeks or so is critical for Auz releasing BFS2. Company Ann’s state funding expected around 2nd quarter. The jigsaw pieces need to come together at the right time fir all similar companies in this space

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(20min delay)
Last 0.7¢		Change -0.001(12.5%)		Mkt cap ! $9.789M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.7¢	$29.48K	4.147M

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