Thankyou @Deet , good find
Before posting @Koala1959 - please be informed , if care for facts - nearterm funding is already secured .
We are waiting for announcements, mooted for end of October—
For hopefully forward sales organisation / offtakes - to provide funding .
This had always been the aim .
**Income to follow first half 2019 .
The Details - only the company can provide ,
A big job to organise , but they’ve stated repeatedly- that there are a number of parties and a lot of buyers - wishing to organise contracts for Ore offtake .
**From first shipments in next 6 months !!
In the morning mining news updates today - there is reporting of mining companies who have organised fund raisers - inc Axiom gained top mention .
( **they also were the only company not undertaking finance through general CR - and the only company without an attached sponsored content news story )
My favourite quote -which clarifies that nearterm funding is already in place - was at the end—-
‘The cash raised will allow construction of the San Jorge mine to continue while offtake is being finalised.’
Note - start of mining news : screenshots -
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Full Text -
Staff Reporter
Nickel developer Axiom Mining has raised A$2.5 million in a placement to sophisticated and professional investors, with every two new 10c shares to come with a free-attaching June 2019 20c option.
The funds include $500,000 placed to two of the company's directors, subject to shareholder approval.
The cash raised will allow construction of the San Jorge mine to continue while offtake is being finalised.”