AUZ 0.00% 0.8¢ australian mines limited

BFS & FINANCING, page-18

  1. 2,505 Posts.
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    Will Bergen they take a longer term view or are they just out to grab as many shares in AUZ ahead of the SKI funding announcement?

    AUZ seems confident the Bergen deal is good so I wait and see.

    I'm still happy to be holding a few shares for what may happen here soon, despite the uncertainty create by the Bergen deal and the overall market selldown that just happened to coincide.

    Ben seems confident that construction will begin early next year, despite the optimised BFS not being completed until then also. So how does this work?

    My opinion is that the SK funding will be achieved from the base BFS soon, allowing the company to order the long lead items. This is the key to keeping the project timeframe. Get started on the things that will take the longest whilst securing the rest of the funding.

    It's the only way Ben's statements of recent times around the construction and BFS timing makes sense.
 
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