Well what a difference 24 hours makes: The EPC (engineering , procurement, and construction contractor Allstate Ltd *100% owner of Accron announces today its entered into administration. Explains why there was no binding agreement. The question begs WHY HASNT REX MINERALS INFORMED THE MARKET THAT THEIR EPC CONTRACTOR who the Announcement by Allstate on the 4th June (ASX Code AZG) has the exclusive opportunity with its partner NFC to provide Engineering. Procurement Construction and commissioning and Financing Services for the Rex Minerals Hillside Project.
There is a fudiciary obligation by REX Minerals to inform the market that this event has happended. Rex, have made a big deal out of their EPC Contractors, but when theyd never DISCLOSED to shareholders that the EPC contractor Allstate (Arccon) was suspended from the ASX at the time of the announcement .It is also worthy to note that Allstate Announcement that they had won the HILLSIDE EPC Contract that it was put on the RXM ASX Announcements and once it was Public that Allstate was "suspended" it was mysteriously removed from the REX Minerals ASX announcements.
Would like to see something from RXM in an announcement today about the EPC Contractors plite....
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