Advanced Explorations Inc. ADEXF

How will they pay back 5 million debenture in March 2014?

[crazyanalyst]

How will AXI pay back debenture of $5 million on March 2014?  Now that they've bought a few months of time with their own money by diluting all shareholders significantly.

Does anyone have any input?

Also a KEY term of the Roche Bay agreement is that they have to spend $1 million on the property EVERY season or they are in breach of contract.

AXI did not spend $1 million on RB in 2013.  This means they are in breach and no longer own it.  No one wanted to tell you that did they....

[Goldengreen]

Correction: AXI owes a $1 million mandatory advance royalty payment to Roche Bay plc this December 15th (it was an annual $275 K payment in recent years), and every year hearafter until the mine closes.  AXI can stop these mandatory minimum payments by abandoning the property, and having Roche Bay plc take over as operator. Even if they abandoned it today they would still owe most of the pro

[crazyanalyst]

I bet the "insiders" won't even fund this 225k thats suppose to Oct 7th.  This is essentially throwing away your money. RB seems like it will be forfeited.  What a waste of countless millions.  RB PLC gets a great deal, they had all this free work done in proving their property courtesy of AXI shareholders.  Next time there is an Iron boom, all the research has