GREY:ADEXF - Post by User
Comment by
Tepinon Feb 19, 2013 2:37am
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Post# 21007535
Great news
Great news After a MOU for the LNG project (NR from 5th of February) we finally got another MOU for the port development.
"this port is going to be an important strategic asset for AEI, Logistec, and the Government of Nunavut."
Nothing is finalized yet but the win-win situation for all 3 parties is gorgous. The involvement of the government of Nunavut makes me feel this deal is very realistic. Logistec is involved in Artic coastal shipping and the government wants better and less expensive supply routes for their people. I guess the government and Logistec will pay most of the bill.
Everybody should ask themselves why AXI did announce the MOU partner regarding the port but not the MOU partner regarding the LNG project. Any ideas ? Who doesn't want to be named at this stage of the story ?
We all had a hard time following AXI's share price going down from 1 CAD. Regarding the Labrador Trough logistic problems this could be our time now. Make your own dd and judge yourself.