Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

AXE EXPLORATION INC V.AXQ

"Axe Exploration Inc is a Canadian based exploration stage company. It is engaged in the business of acquiring, exploring and developing of mining properties and also holds interests in properties at the exploration stage located in Canada. It has interests in four properties, which are located in Quebec, mainly in Abitibi area. Its properties include Destorbelle Property, Commandant Property, Gold Peak Property and Unique Property."


TSXV:AXQ - Post by User

Comment by atikaon Nov 11, 2018 7:54pm
54 Views
Post# 28957658

RE:RE:My vote is cast

RE:RE:My vote is castHi Desperado.  I don't know if it is possible to renegotiate the consolidation, I really don't. I think that the consolidation is a very important aspect of the deal. If it is voted against, this is what might happen - it is my opinion, not a fact.
The deal as a whole will be cancelled. The stock will be relisted and might eventually go down, say 0.1-0.02. At this point, people that were interested to the deal will buy enough shares to secure the necessary votes to accept the same deal 3-6 months later.
Everybody would have lost 3-6 months without discarting the eventuality that Terranueva will either negotiate an even better deal with Axe - because, for example, THEY WILL HAVE GOTTEN THEIR PRODUCTION LICENSE - or they will do a better deal with someone else.

This is only my opinion, but an opinion based on facts that I use to know because of my relationships with key people involved in the deal. 

IF THE TERRANUEVA DEAL WAS NOT THE BEST DEAL WHEN IT WAS NEGOTIATED 6 MONTHS AGO, IT IS NOW BECOME  A VERY GOOD DEAL FOR AXE SHAREHOLDERS.

Should we take the risk to loose it by trying to improve it ? My well informed answer is clearly NO.

<< Previous
Bullboard Posts
Next >>