It doesnt work like that unless AXE negotiators were useless. The usual deal is $x up front, expenditure of $y , $z , $q by certain targets to get % of tenement , with the whole thing falling over unless X m/tonne resource proved up etc and final % either free carried to mine or converted to nett smelter royalty , which often can be bought out for $d million per 1% . Its simply a negotiation - and if farm-in company doesnt meet agreed expenditures etc thenAXE would have the right to agree a delay with $k additional fee or boot them out. Thats stock standard - no loss of control - simply a gradual CONDITIONAL transfer of right to ownership provided they keep doing everything agreed in timeline agreed AND with lots of lolly ongoing for AXE when mining does occur - have a look at COB deal with BPL or CZI deal with AUZ etc etc .All gain, and with a good negotiation - close to nil pain. AXE has such good tenements they right now have the whip hand. IPO is a waste of money IMO and exactly what corporate advisor blood sucker$$$ would suggest (IMO).
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It doesnt work like that unless AXE negotiators were useless....
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Last
33.5¢ |
Change
0.005(1.52%) |
Mkt cap ! $85.37M |
Open | High | Low | Value | Volume |
34.5¢ | 34.5¢ | 32.0¢ | $116.1K | 352.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5129 | 33.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.5¢ | 24040 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5129 | 0.335 |
1 | 8379 | 0.330 |
3 | 19560 | 0.325 |
4 | 10483 | 0.320 |
3 | 69875 | 0.315 |
Price($) | Vol. | No. |
---|---|---|
0.345 | 24040 | 2 |
0.350 | 15711 | 4 |
0.355 | 21333 | 2 |
0.360 | 5330 | 2 |
0.370 | 10000 | 1 |
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