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Advanced Explorations Inc. ADEXF

"Advanced Explorations Inc is a development stage company. It is engaged in the acquisition, exploration and development of properties within the resource sector."


GREY:ADEXF - Post by User

Comment by Greenandgold.on Feb 15, 2012 1:36pm
126 Views
Post# 19538323

RE: RE: RE: RE: RE: G&G re; lies....

RE: RE: RE: RE: RE: G&G re; lies....

Are the only possibilities 1) XinXing is 100% gungho about Roche Bay; or 2) XinXing walks? Couldn't XinXing, despite having its doubts, still have an interest in seeing the results of the feasibility study? They're obviously not gungho (they would have sent $20 million and saved the 2011 and 2012 drilling seasons if they were) but they also seem like they want to keep a hand in.

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XinXing's interest is certainly not has high as it was in summer 2010, but it still wants to be involved, especially if the feasibility study is good.

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So you're blaming all delays on China, Inc. being an impossibly slow slug? That hasn't been the experience of Adriana Resources, Century Iron, Consolidated Thompson, and numerous Australian iron ore juniors, who have each received hundreds of millions in funding from Chinese steelmakers, with the deals closing relatively quickly (a lot quicker than AXI and XinXing's relationship, anyway).

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A pullback in enthusiasm by XinXing, and general incompetence by Gingerich and Co (failing to close the Roche Bay plc buyout deal), are the more likely culprits for the delay.

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