Ann: Sconi Off-take Update, page-155

i guess the parties could not agree on the trade off ..option price vs value of discount .

my sense is that this chapter is not over yet as SKI in all likelihood will participate with equity once the overall funding is completed but at terms different to the one struck last year . With the revised drill results AUZ may in fact seek a better equity arrangement than hitherto.

agreed ..this is a good development in the grand scheme of things ...Marcus is certainly bringing maturity to the table given his experience in such financial matters.

April is likely to be the turning point for SP .

I maintain positivity.