nothing concrete yet, but charles is at work.., page-12

Firstly nice article Puff.

Secondly, Dargie you are right. The company is seeking a JV partner to pony up the dough for a <50% share at the project level.

AXO will then use this coin to fund their share of the equity component, with the JV partner (hopefully Hebei) then funding their share and also getting the balance financed from those bulging Chinese state-owned banks.

This way a huge dilution of current shareholders is avoided as no 'traditional' capital raising is required.
Management is just as keen as we are not to see their own significant holdings diminish in value from a tripling in no of shares on issue via a cap raising.

J