Thaiinvest a thoroughly professional and objective review of the...

First 32 Last

Share
Profile

Follow
Cedro295A

27 Posts.

2

02/03/18

02:01

Post #: 31467514
Share

Originally posted by thaiinvest ↑

Flippa

Thanks for the insight - as stated in the agreement, SKI have probably already been for the last few months in agreeing the process flow and now having been selected as AUZ's partner in finalizing the BFS.

However Sconi is an AUZ project and I am sure Ben Bell will be ensuring that he representing all shareholder including the majority (80.01%) non SKI shareholders. I therefore expect the AUZ project team to have final say on appointment of project managers, specification, bidding and final vendor selection, project build and commissioning.
As regards the finance I am sure the Korean banks will provide financing per the amounts agreed based on the approved BFS which SKI will have had inputed into and "blessed"as being correct. The benefit of SKI having input and blessing the BFS is it will make the Korean Bank very comfortable as the viability of the project and the amounts advanced.
I do not expect SK group to advance/loan funds directly to the Sconi project (beyond the 19.99% equity purchase) as I am sure there are will be more than enough Korean Banks (not SK Group) interested in financing the project.

As always Flippa many thanks to you and Jd for your great comments and educating us non miners, what I would really love is if you and JD went and worked for AUZ Sconi - then I would know everything was done right. All the very best. thai

Expand

Thaiinvest a thoroughly professional and objective review of the situation, it is an encouraging read. I cannot believe that the Auz board would not keep a tight hold on the processes necessary to follow this through successfully.

AUZ Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

What's causing the cost-of-living crisis, and how to navigate it

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins