AUZ 7.69% 1.2¢ australian mines limited

Totally agree with you Bomber, the Bod made a huge mistake...

  1. 442 Posts.
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    Totally agree with you Bomber, the Bod made a huge mistake signing off on an agreement for nothing absolutely giving SK a free ride for nicks they underestimated the Koreans business acumen or were in to much of a rush to get a deal done without sitting back and digesting the possible outcomes maybe BB was like a kid in a candy shop couldnt help himself, as we have seen alot of very bad decisions since the offtake agreement was reached, of which I sent an email to BB requesting why from a business perspective did the Bod let SK have it so easy without asking for some committment other than a free ride, as all they had done was locked SK into nothing unless we mine.

    Still Auz have the product the problems facing them at the moment are not with SK, but rather gaining financials to proceed and at this stage, we all know that the revised BFS will be released and also we know that NAIF is working through the logistics and relevant criteria ti either include some funding for Auz or not and we also know Auz are continuing with the funding from financial insto's at this stage nobody knows for 100 percent whether any of this is going ahead and most certainly no one that posts on HC can say otherwise, so until these other hurdles are jumped regardless of the supply demand of the EV materials Auz is still a spec stock which IMHO no one here has lost sight of that the time to worry about it will become reality when and if Auz fall at any of those hurdles.

    Anything else is pure speculation by all and sundry.
 
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