really good perspectives here !
SKI in all probability need to commit to the following for the funding deal to happen:
1. Commitment to off take augmented supply over the 7 year production cycle from Sconi
2. Letter of Comfort / Guarantee favour INV lending instos that sale proceeds will be “attached” / directed to such lenders
3. Letter of Gtee to commercial lenders who otherwise may hesitate to fund a significant Co/Ni venture in todays market.
Being an ex banker myself please appreciate that unlined ore is not considered an “ asset “ until processed so its value by way of security is questionable. Without the Cahebol’s support FIs will not extend 500 mmA$.
the quid pro quo would be the insistence that SKI enjoy a significant price discount .
I sense this is where the present day struggle / delay exists . I fear that this will be protracted given that AUZ has no plan B given management and Board’s commercial naivety.
I am a significant holder of AUZ and i have never been so worried as I am today.
really good perspectives here !SKI in all probability need to...
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $11.18M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $11.7K | 975.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 35271719 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 612037 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |
