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1.0¢ australian mines limited

Because the shareholders would reject the offer ya turkey. Plus...

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25/03/18

22:13

Post #: 32012608
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Originally posted by sallywoofs ↑

Charl...OK, so you foresee SKI having 19.9% equity for $65 mil, bearing the construction risk, say for loans of $700 mil or so, and buying 100% of the production for $5 billion.

And you see big profit for AUZ holders.

The problem I am worried about is that they can just buy the company for $280 million and get the
$5 billion off take for C1 costs. Your scenario has them bearing the construction risk anyway.

Why wouldn't they just acquire the company at an advantageous price and
pocket the margin on the $5 billion offtake ?

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Because the shareholders would reject the offer ya turkey.

Plus management want to see those 50m share parcels they all have for 2-3 bucks...

Carved up like a turkey on thanksgiving

AUZ Price at posting: 10.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $13.98M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$21.37K	2.138M

Buyers (Bids)

No.	Vol.	Price($)
51	14275216	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	307499	1

View Market Depth

No.	Vol.	Price($)
51	14275216	0.009
31	38643826	0.008
17	13930855	0.007
5	4090166	0.006
5	3650000	0.005

Price($)	Vol.	No.
0.010	307499	1
0.011	8294787	21
0.012	5103285	17
0.013	2829873	13
0.014	4541544	15

Last trade - 16.10pm 15/05/2024 (20 minute delay)


Last 1.0¢			Change 0.000 ( 5.00 %)
Open	High		Low	Volume
1.0¢	1.0¢		1.0¢	12862
Last updated 15.54pm 15/05/2024 ?

AUZ (ASX) Chart

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