At this stage it is just a review...we dont know the results of the review...there are a great number of options as AXE has a great number of excellent prospects...it often comes down to control...AXE own 100% of their prospects...are they willing with some of their prospects to lose control?
Under your assessment...#422... and it is an option, of a joint venture partner putting the money upfront...how much do we give them...25%,49% or...51%...soon as they hit 51% they have control of the prospect and basically do what they like.From their point of view who wants to put the money upfront and have little control over the preceedings...then there is the fall out if initial results are disappointing...the renegging of their of original commitments...most companies want 51% as an incentive to continue...to follow their dreams and their commitments.
Wait and see...an interesting development.
AXE Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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