AVQ 0.00% 2.5¢ axiom mining limited

"Off-take and finance Axiom’s off-take agreement and funding...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 542 Posts.
    lightbulb Created with Sketch. 44
    "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.
 
watchlist Created with Sketch. Add AVQ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.