OK - I am not a huge fan of either the company (anymore) or the WIluna asset but this is absolutely a brilliant deal for AXM.
I know this asset very well and for someone to pay so far over the odds (in my opinion) it is a brilliant coup for Apex!
Well done to all involved in the negotiation and I will be interested to see what Panorama do. My bet is they will write the whole investment off within 3 years.
Paying out the GUP holders is also a great move for the company.
AXM Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held