Auz did mention in a presentation deal with Sk was worth $5 billion which with their calculations over 11 years the prices came to $5 billion.
They were made to retract that and wrote a letter.
This was over four years ago, this doesn't have anything to do with the current state of Auz.
Yes punish the CEO but this is punishing the current mum and dad shareholders who have nothing to do with these calculations 4 years ago.
So at prices few months ago when nickel got to 100 k per tonne you could say
LG energy solutions deal
71,000 at 100 k a tonne the offtake deal is worth
$7.1 billion over 6 years.
what can't say that ?
News: AUZ Australia's ASIC Further Contends Bell's A$5 Billion Valuation Did Not Comply With..., page-62
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