Good to see ‘team sales’ from the room that values shareholder’s owned Sconi offtake at $0 come over.
I wonder how many of the almost 11,000 retail holders from AUZ will think ‘I might put a few bucks here too- I’m sick of AUZ management promising the world but giving SK control for nothing!’?
Either a CR to further dilute AUZ holder’s money or a pittance in ‘prepayments’ to move shareholders in to an even weaker position with SK is coming.
Look for the conditions that will be attached to that prepayment.
Meanwhile, ARL holders will enjoy some shares in our upcoming IPO so hello to those of the 11,000 that buy in to ARL even if only to hedge their bets over the next 6 mths while SK is given life draining extension after extension through to... where did the goal posts get moved to this time? April next year?
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