Fully agree Freddabull...
I can understand some frustrations felt by holders as the option uptake would have resulted in a SP hike in February. I would rather wait till June 2019 and see how the puzzle unfolds. This is a professional board and management team that have far more knowledge than HC posters. I am absolutely sure that they already have a contingency plan in the event of the Options lapsing.
We also need to remember that the original deal with SKI was for 100% production of Sconi. The dynamics would have changed after the announcement of the Substantial Increase in Mineral Resource Tonnage. The discount to LME may have become a sticking point in the negotiations. SKI being a Korean company would also be concerned about saving face by not paying a 200% premium on the options.
AUZ have a great partner in SKI. The course of true love never did run smooth.
GlTAH
Ann: Sconi Off-take Update, page-167
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