EXC 0.00% 4.3¢ exterra resources limited

I'm just not convinced. Most of the points outlined above are in...

  1. 102 Posts.
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    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.
 
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