The release by AXE:
New SA acquisition provides Archer with large flake graphite
project and substantial exploration upside
This release could well be seen as testament to the exploration excellence exhibited by Monax.
One could reasonably infer from Archer’s Managing Director Gerard Anderson comments on the acquisition, (as has been already highlighted:
“This is a highly complementary acquisition for Archer as it provides the
Company with deposits of high-demand flake graphite, immediately trebles our
JORC graphite resources and, with numerous largely untested graphite prospects,
provides opportunities to further grow our graphite resources.”)
that AXE directors are pleased with the acquisition.
As directors' responsibilities are to their shareholders; this transaction which seems to bode well for AXE and may indeed bode very well for MOX!
In fact if AXE directors are well pleased (as it seems);
could it be that MOX directors appraise MOX has other assets of even better quality?
Time will tell us all.
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