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6.0¢ buxton resources limited

if you read the announcement, there is exactly what you need...

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mr_delta

12,191 Posts.

1304

29/11/18

10:50

Post #: 36684305
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Originally posted by Yuk1 ↑

IMHO, this is a great deal. Its incredibly hard to secure funds at the moment for exploration, money is tight in the market. Look at the other explorers and the options/discount to VWAP they have to provide to brokers for raising capital. The fact that they have done this raise at a 35% premium is nothing less than outstanding. One thing that I am not sure about is the free carry to feasibility studies, is this pre-feas or definite feasibility studies? Well done to the team at Buxton, you have protected our investment in your company. You also kept a pretty tight ship whilst negotiation this deal which is a testament to your integrity.

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if you read the announcement, there is exactly what you need mentioned about "feasability"...

"The definition of Feasibility has been detailed within the agreements that it would equate to a document that could be used for project financing."

so anything that is BANKABLE = FEASABILITY study for us IMO...

this announcement is not getting the "LIKES" that we hoped it should, the market is a strange beast at most times... stocks run 400% on news that their BHP has hit Cu 1000m below ground and BUX doesn't get a mention anywhere after such a big news item

BUX Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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Last 6.0¢		Change -0.002(3.23%)		Mkt cap ! $12.65M

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Price($)	Vol.	No.
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