MLM - discussion, page-12

@Jongerd there has been heavy dilution in AUZ register, so neither the use of SP or MC should be used... Since the original deal the AUZ share register has swollen from 2,139M share to 3,382M shares (+ rights), this is a 58% increase in shares (and MC) - I understand part of this was the deal itself, but it shouldn't go unsaid... 

2016: 1,171 million shares on issue

2017: 2,139 million shares on issue

2018: 2,677 million shares on issue 

Current: 2,715 million shares on issue + 667 million rights to SKI (Total 3.382 million shares)

Time will tell, but AUZ have no cash and are still yet to plough millions of dollars into their projects to get them up and running... The exorbitant highs the AUZ SP hit were ridiculous - $300M for some material sitting in the ground, a material that although we have predictions, we do not know what the supply and demand equation will look like, a material that needs to be refined using techniques that are not proven yet... I mean I love a solid aussie company leading the way, like AUZ are, but they have huge huge hurdles to try and overcome to get the project up and running... and until such time that they either do it, or end up like the 95% of other aspiring resource companies and go into liquidation - you cannot make an assessment on the deal...

I mean AUZ are spending over A$4M a quarter in trying to bring this project into fruition, literally burning A$4M a quarter - and good luck to them... How do you think MLM would have achieved the same outcome with only A$6M in the bank? With huge dilution and a possible partner... It made good business sense for MLM to sell their interest and focus on trying to become a cash flow positive junior miner... 

In 5yrs time it'll be cool to reflect on these business deals... All the best peoples!