AVQ 0.00% 2.5¢ axiom mining limited

Ann: Isabel Nickel Project Update, page-32

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  1. 330 Posts.
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    Yakka the demurrage penalties, fees and charges for an ore carrier run (in most cases) past US$50k per day. So any unscheduled delays due to weather, loading infrastructure failure, political or civil unrest or influence just to name a very small benumber of reasons could place AVQ in a precarious financial position with cost overruns.
    With DSO operations where margins are very tight, as in AVQ’s case here, demurrage penalties can sink (no pun intended) an operation and or the operator.
    So delays are never treated lightly and nor should we AVQ shareholders think it does not matter.
 
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