ARL 0.00% 41.0¢ ardea resources limited

Review of ASX typical laterite and sulphide cobalt player's SS and PFS, page-153

  1. 4,508 Posts.
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    "... it was clarifed that SKI have not confirmed in writing they will find the CAPEx although it has been implied, they have only agreed to assist with funding."

    True, and I am not promoting AUZ; but BB stated in his recent London 121 presentation that a comitment to fund was a "pre-requisite" for 100% take-off, which material fact has not disclosed officially at the time of the SKI take-off, and which statement was formally contradicted at the last resumption of trading.

    So we have our choice: either go by the official news releases, or believe Mr. Bell's statements at
    the investor conference. I tend to believe Mr. Bell, though this is problematic since it means that the official news releases cannot be relied upon. One or the other is untrue.
 
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