AXE 8.70% 25.0¢ archer materials limited

campoona heads of agreement, page-27

  1. 7,432 Posts.
    Pity Management couldn't announce the Buying Price of these two tenements/properties.
    I understand they were mortgage sales of farming land and freehold property owners don't get mineral rights so really the mortgagee wouldn't have had the graphite mine potential as a bargaining chip?

    I fear that Management is again going to use the Qtrly Activities statement to update Metallurgy progress. I don't think this is correct procedure in informing the market on price sensitive "activity" in a timely manner.

    Also the Qtrly Cash will only give the SugarLoaf purchase price because Campoona happened after June 30.

    I'm thinking AXE Management are too conservative even pretty slack at keeping especially small,short term holders informed.

    Is it Sth Aust Mgt are dull and boring compared to WA hot shots? Do they wear carpet slippers instead of White Shoes!!
 
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