AXO
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0.00% 73.0¢ aurox resources limited

GGOf interest today, is the NZ Govt veto of the sale of the NZ...

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    854 Posts.
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    18/12/08
    13:23
    Post #: 4619536
    GG
    Of interest today, is the NZ Govt veto of the sale of the NZ ironsands project, to the richest man in Asia, owner of Cheung Kong. He's worth $38billion.

    Ironsands contains titanomagnetite.

    The sale price of $250mill, wasn't cheap, compared to the real value of AXO at the time. The man is looking for other investments in NZ or elsewhere.
    AXO Price at posting: 7.8¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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