My take is SK will only get excited when AUZ have the finance to build the mine infrastructure etc. At the moment AUZ has been a bit haphazard with statements such as NAIF could take as long as Sep 2019 and in the next sentence say words to the effect of but we expect to announce something in the 2nd Quarter 2019. Both the short and long form Binding Agreement (not contract) will have the condition of finance. They wont totally commit now if you believe that then your dreaming.
As far as the SK options are I suspect IMHO they wont take them up. They can wait and when the financial ducks line up they will see what the share price is and go to AUZ and say lets now discuss these options. Do you really think they care about AUZ shareholders, its business. Having said that the long game is getting better and I am substantially in on this for SP hike in second quarter or if they miss that projection then September with the opportunity to add as the SP falls.
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