Why would AGO bother taking over AXO when there's a good chance...

Why would AGO bother taking over AXO when there's a good chance the project will never get off the ground in current hands and they can pick the asset up in a fire sale afterwards?

Another week another non-event for AXO. Glad at this stage to only be holding the notes and not the heads, although will definitely be buying in the extremely unlikely event project funding is secured and announced.

Sell the heads, hold the notes IMO. You can always buy the FPOs back after escrow period passes.

Cheers,

JT.