GREY:ADEXF - Post by User
Post by
hundredvanities1on Jul 31, 2012 10:28am
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Post# 20168646
Study's paid for
Study's paid for It's not a cash issue. As of the end of Q1 Tetra Tech's been paid $2.4 million for services related to the Roche Bay feasibility study or environmental studies. AXI had another $2.9 million in working capital at the end of Q1, and they just raised $1.7 million. That's certainly enough to pay for the feasibility study.
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Tetra Tech's been working on this study for 1 year, 7 months. They've been paid multiple millions. They're a huge, reputable organization. Conclusion: the feasibility study is now in the hands of AXI management. Why hasn't AXI management released the report? You can guess why.