GREY:ADEXF - Post by User
Comment by
Greenandgold.on Jan 13, 2012 5:05pm
172 Views
Post# 19402909
RE: partnership
RE: partnership "So it makes me wonder if XDIP is trying to put as little investment possible in order to a get a feasibility study. And then they will have more information to evaluate whether to honour their larger committments or not."
This is exactly what XinXing is doing. They've already broken their original commitment to give AXI $20 million to fund the feasibility study (which would have involved a full $10 to $15 million season of drilling at Roche Bay). Instead they're giving AXI a $5 million loan (secured by AXI properties?) for what will be a scaled-down feasibility study.
If the feasibility study is to their liking, then new negotiations about further investment will take place.