GREY:ADEXF - Post by User
Post by
hundredvanities1on Apr 27, 2012 8:31am
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Post# 19842894
"These Difficult Markets"
"These Difficult Markets" Gingerich whining about "these difficult markets." Doesn't sound like they're having much success raising cash for the summer exploration programs or with the proposed spin-outs.
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But should AXI be immune from these difficult markets? Why do they need to raise money in a difficult market if they are "fully carried to production" by XinXing? What happened to XinXing's $20 million to fund the feasibility study and related work? If they really have a deal, then where's the cash?
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AXI's $5 million in cash is enough to carry them through the end of 2012, but only if they don't run field programs at Tuktu or Roche Bay. Unless they raise new cash zero meters will be drilled in 2012.