AXE 0.00% 28.0¢ archer materials limited

Ann: Leigh Creek Magnesite Project Sale Update, page-6

  1. 1,093 Posts.
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    ill tip my hat to all those investors who dug deep , great vote of confidence

    regarding the leigh creek mag sale, im a little confused as to volatus and their announcement they released . they state the purchase is for 20% of the company with an option to buy the 80% . archer was a little vague in their announcement when they said one of the purchasers etc.
    my question is if we sell the remaining 80% would this equal another 8mill in the bank??? probably a question for greg English but thought someome might know
    https://hotcopper.com.au/data/attachments/2251/2251047-5f980a7b5538b8d18377908e99735fec.jpg
    https://hotcopper.com.au/data/attachments/2251/2251050-6a705653d0997f1c4c09b7a794229c9f.jpg
 
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