g'day john , i looked at AIV a week ago but was worried they didn't have much money left , i'll still have it on my watchlist. Here's little bits of info for you/s :
ActivEX Limited - 21 October 2008 Option to Purchase - Potash Project. " The project consists of a granted Mining Lease 50km north of the Western Australian wheat-belt town of Merredin, 300km east of Perth, owned by Michael Ruane and R C Sadleir Pty Ltd "......(continued) http://www.activex.com.au/reports/2008-09/AIV_20081021_ASX_Announ_Potash.pdf
2nd SH at 9.3% is Findex P/L , they come up in NNTT as 15% owners with Orion Gold ORN in EPM 17602 south of Cloncurry i think - which QMN now developing in JV with ORN , some results recently released by QMN - so like Ruane must of had tenements sold into AIV.
I noticed that AIV's Company Secretary is Paul Crawford who also works for Elementos ELT and Orocobre ORE. ORE has the good potash/lithium project in Argentina. He's also a main director of DiamondEx DON , suspended but not de-listed , dud project in....Botswana , maybe a shell for something to come , i don't know. DON's office is/was nextdoor to ORE in Milton , Brisbane.
Best HC poster i reckon who knows a bit ( and sensible ) about potash is Peter Pumpkinhead , original poster on ORE and sometimes on RUM & RWD. RUM has that jv with RWD on potash project west of Alice Springs , some fully owned by RUM. I noticed on map this morning the possible DEG area out there in WA. If only could merge aussie potash/ers areas of RWD,AIV,RUM and others (?) then i'd name it...PotEx.
AIV Price at posting:
6.8¢ Sentiment: None Disclosure: Not Held
