AGO 0.00% 4.5¢ atlas iron limited

It's a waiting game, page-294

  1. NT.
    571 Posts.
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    Hi groundhog2,

    Min Res. did a deal with Hexagon resources graphite play a while ago and announced commencement of the DFS. Perhaps this was the reason.

    Min Res. managed to screw 51% ownership of the McIntosh Graphite project from HXG, to take it to production within 3 years, with them dictating terms it seems.
    It seemed that HXG didn't have the intestinal fortitude or capitol to do it themselves.
    Being a holder of HXG I am pretty disappointed with the outcome for this potentially huge prospect in the Kimberly...,
    HXG share price since has gone south.

    Time will tell I guess.
    ....................
    NT.
    .
 
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