GREY:ADEXF - Post by User
Comment by
Greenandgrizzlyon Mar 08, 2012 4:33pm
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Post# 19645902
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: hey Go
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: hey Go I think it's frozen mud. But XinXing has some genuine interest in Roche Bay. And some real doubts, which is obviously why they haven't signed the JV agreement and given AXI $50 million.
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Either way, the DFS should resolve the issue. I think it was reasonable for XinXing to give AXI a debenture in exchange for finding out more about the project.
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But to call this glorified bridge loan an expression of enthusiasm is ridiculous. XinXing likes the project enough to make a small loan, they want to see more, that's it.