Ann: Sale of Waddikee Project, page-3

I am happy that they paid so little for this acquisition, it may well turn out to be a steal for AXE (although you could argue that it had minimal value to MOX). An offtake agreement announcement now would, as I have said recently, be a significant rerating event. Archer's suggestion that they would hold out until extra supply confirmed is logical. I agree that management would have to be fairly incompetent to be spending spare cash on surrounding tenements if they weren't sure of their own tenements value, which IMO this indicates they have had at least real interest from third parties.

Even if an offtake agreement isn't around the corner, I am still very happy with the price AXE have paid. Definitely looking forward to the quarterly to see if the underselling is followed up with some overdelivery.