AUZ 3.85% 1.4¢ australian mines limited

Battery Giant LG Chem Prepares to Lock In Mineral Supplies (yahoo.com), page-891

  1. 290 Posts.
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    " I am more inclined to the view that LGE are persisting with Sconi as they want access to the resources and accordingly they are seeking to overcome whatever obstacles they see via ongoing discussions with the company possibly waiting for those obstacles to be resolved."

    I think you have rosey glasses on when viewing this investment. From the most recent quarterly report (ann date 30/01/2032) it was AUZ that flew to Sth Korea not LGES flying out to AU. It is AUZ that is seeking to change the now non-binding MHP off-take AND they want LGES to assist in the development.

    LGES are not overcoming any obstacles as you put it - what obstacles are you talking about?

    And please note that the report says "The Company will update the market in due course with respect to such amendments and collaboration if they are finalised."

 
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