RE: RE: RE: G&G re; lies.... When the phrases "has its hands on" is used, typically it means "actual possesses." You're using it in a much different sense.
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AXI actually possesses 49.9% of Roche Bay.
AXI actually possesses less than $1 million cash in the bank.
AXI has been promised a $5 million loan. It does not have its hands on it yet.
AXI actually owes about $5 million to Wardrop Engineering for the feasibility study it's working on. When Wardrop gets its money, then AXI will have its "hands on" a DFS.
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All of these things need to happen in sequence: $5 million debenture actually comes into AXI's possession; AXI actually pays Wardrop what it owes; Wardrop allows the DFS to be released; with the release of the DFS AXI will earn in 75% of the Roche Bay property.
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Then XinXing studies the conclusions of the DFS, if they still want to invest at that point, then they will sign a JV deal with AXI. With the signing of the JV deal, AXI will receive $20 million (and $30 million funded into the JV vehicle), and will announce a positive production decision on Roche Bay, allowing it to earn 100% interest in the Roche Bay property.
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If it all breaks right then you'll make money. But it all starts with the debenture: 3.5 months since it was announced and still no closing.