"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.
AVQ Price at posting:
10.5¢ Sentiment: Sell Disclosure: Held