I'm just not convinced. Most of the points outlined above are in the best interests of AWV shareholders.
So essentially you are saying is EXC is giving up 65% of its cash flow to AWV shareholders for a 2mln loan? If EXC is able to get project funding then this makes no sense at all for EXC shareholders.
Also of interest is the related-party nature of this transaction.
Montezuma Mining Company
Seamus Corenlius (EXC shareholder + MZM Director)
Justin Brown (EXC Director + MZM Director)
Mitchell River Group
Contractor to EXC and shareholder in AWV
Alasdair Cooke (MRG Dirctor + AWV shareholder + AWV Director)
Bill Fry (MRG Director + AWV shareholder + AWV Executive Director)
The only person I cant link in at the moment is Bernard Stephens. If there is a link, I will find it and publish it here.
EXC Price at posting:
4.6¢ Sentiment: None Disclosure: Held
