AXE 2.38% 21.5¢ archer materials limited

Ann: Completion of sale of the Leigh Creek Magnesite Project, page-10

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,100 Posts.
    lightbulb Created with Sketch. 148
    Its good to have this finalized and i will be watching the Volatus company little more closely now as it would appear we are major shareholder in that entity. So technically we sill hold the mine but its through a different coy. From what i can see Volatus is closely tied to Crest Resources (same MD ). You can have a look at the CSE website for more information. I am however wary that overtime our shares will be diluted and to cash them in at current prices will require the VC share price to remain at the same levels or higher. But you never know our investment might just provided some speculative gains.
    https://thecse.com/en/listings/mining/volatus-capital-corp

    With regards to the comment about mining some of the resources especially the graphite, it all comes down to Supply and Demand and what we can get for that product. In time the graphite price should kick on however if the market isnt there its no point going to the bank and asking for money if we are not gong to be able to sell it. The good news is though, when we do what to mine it, it will happen pretty quickly.







 
watchlist Created with Sketch. Add AXE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.