staements made Murray posted:
My experience in this industry tells me that the majority of that contract will be due [30, 60 days] after they [Wardrop] submit the final and full FS report to to their clients [AXI].
I dont know where you got your experience, but that claim is in dispute. At most a 10 to 15% holdback is allowed, but whee companies have a bit of a history to their addressing payables, it is usually 100% cash before it is signed. There are exceptions, but they are by far and away, not the majority.
You also mentioned that draft PFS are for internal use only. That is correct, in theory. But if you talk to the IIROC folks, not alway correct in practice...Some loose lips out there that allow shareholders to make some opportune buys or sells.. and this is not directed specifically at AXI, but in response to a statement in your post.
Lastly, what the heck has any other company in g eneral, and Aglico, in particular got to do with AXI?
Next you folks will be arguing about mines in Canada vs. mines overseas. Which , come to think of it, might have some merit comparing iron mines to iron mines.