AVQ 0.00% 2.5¢ axiom mining limited

Ann: Isabel Nickel Project Update, page-5

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  1. 542 Posts.
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    "Off-take and finance Axiom’s off-take agreement and funding with Gunvor Singapore Pte Ltd announced by the Company on 22 December 2015 for the provision of AU$5 million of funding to the Company and up to AU$10 million toward mine construction finance has now expired."

    This next series of remarks are amusing:

    "Company is in advanced stages of negotiations with a number of parties"
    "Axiom deemed it prudent to provide a fixed time period to facilitate and evaluate this recent new interest."
    "A number of qualified interested parties on Axiom’s short list have conducted on-site due diligence over the past year"
    "dialogues are currently in progress."
    "Terms and conditions of proposed agreements continue to be refined"
    "The Company anticipates announcing a new off-take and financing arrangements shortly after the completion of the request for final proposals."

    In other words - nothing secured at all, and Gunvor are gone - I assume to never look back.
 
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