Originally posted by Interested2408
Really Deet? perhaps you should read the announcements....here are some excerpts
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Announcement 20/9/18
Financing for life of mine construction and development is in the advanced stages and due to be finalised over the coming weeks.
Announcement 3/10/18
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. The expiration of this agreement has enabled Axiom to consider other offers and to obtain preferential terms considering the new dynamics in the nickel ore market.
Announcement 12/12/2018
Favourable terms have also been received that involve the provision of
development finance for construction, capital expenditure and working capital for mine operations
Announcement 20/12/2018
Anticipated project financing package
is to cover the total cost of mine construction
Axiom have said in previous announcements that they have had many interested parties, I agree it is taking a long time for these off take agreement(s) to be announced but that may be because Axiom is trying to get the best deal possible for all concerned and that would mean a lot of back and forth negotiations with all interested parties and that takes time.
