For those interested in the details of the Port Facility, the best reference I can find is the following extract from the 19/3/09 announcement..
'Aurox and the PHPA have agreed to vary the terms of the original Utah Point Facility Agreement to amend the dates by which the respective parties are required to satisfy certain conditions, including those related to regulatory approvals and funding. In consideration, Aurox has agreed not to commence shipments across the Utah Point berth prior to 1 March 2012 and also to make a pro-rata contribution towards power distribution costs, with such amount to be funded prior to the Company?s first export shipment.
The revised arrangements preserve the Company?s access to the Utah Point facilities and allow further time to secure the funding necessary to advance the project and port arrangements. If the agreement?s condition precedents have not been met by 31 March 2010, then the agreement terminates with neither party having any further liability, responsibility or obligation to the other.'
AXO Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held