Thanks Philley and I guess in copperroad case can say it’s only money ....... on back SCONI loss MLM gone backwards and AUZ gone 1.2c to over 10c in recent months since SCONI sale 100% for $5m .... AUZ now a Disallowed
Look today’s AUZ release getting their $20m and Mcap past $200m?!!! They added $200m to their Mcap MLM lost over $5m now around $15m Mcap hmmmm talk about value loss and creation
6 November 2017
Australian Mines secures $20 million in funding via placement to international institutional investors HIGHLIGHTS • Placement oversubcribed by more than 3-times the initial amount sought • Funds ensure: o continued trial mining and sample production from its Sconi Cobalt-Nickel-Scandium Project in Queensland o completion of the Sconi Project’s Bankable Feasibility Study and, o accelerated resource expansion drilling at the Company’s Flemington Cobalt- Scandium-Nickel Project in New South Wales. The world is rapidly moving towards a low-emissions future. The major global automotive manufacturers, for example, are all looking to introduce battery-powered electric vehicles as a core part of their vehicle range over the coming years and governments are similarly seeking to incorporate renewables (with the associated battery storage) in their future energy mix to power cities and towns1. Fundamental to this global shift is access to a reliable supply of the key battery metals including cobalt and nickel. For that reason, Australian Mines Limited (“Australian Mines” or “the Company”) has attracted (and continues to attract) significant interest from battery makers as well as other international companies that operate in the energy and automotive sectors given the scale and advanced nature of the Company’s cobalt-nickel-scandium deposits. 1
MLM Price at posting:
4.6¢ Sentiment: None Disclosure: Held
(20min delay)