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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 hundredvanities1on Jul 02, 2012 1:02pm
233 Views
Post# 20074995

RE: RE: What Summer Programs

RE: RE: What Summer Programs

AXI's board members are just collecting their options. None of them are buying shares, even with the stock at its 52-week low recently. Zero signs of insider confidence.

*

Endgame is sooner than you think. If the feasibility study comes in mediocre (Tetra Tech is willing to be tough: they just announced subeconomic feasibility study values for Selwyn Resources' zinc project, even though the 2007 PEA was positive) then the 275K rent payment due in December probably won't be paid.  Roche Bay plc takes over as operator in case AXI defaults.

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