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Abaxx Technologies Inc N.ABXX

Alternate Symbol(s):  ABXXF

Abaxx Technologies Inc. is a Canada-based financial software and market infrastructure company. The Company is developing and deploying software tools that make communication, trade, and transactions secure. The Company has launched Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically settled benchmark futures contracts in the commodity markets at the center of the energy transition to a low-carbon emissions economy. Its products include Abaxx Verifier, Abaxx Drive, Abaxx Messenger, Abaxx Exchange, Abaxx Clearing and Abaxx Infrastructure. The Company is also focused on building Smarter Markets, which allow tools, benchmarks and technology to drive market-based solutions to challenges, including climate change and the energy transition. The Abaxx Verifier is a secure password, identity and verification application.


NEO:ABXX - Post by User

Comment by RoyKerron Dec 25, 2020 12:54pm
245 Views
Post# 32182690

RE:RE:RE:RE:RE:RE:RE:ABXX

RE:RE:RE:RE:RE:RE:RE:ABXX
Wisedreamer wrote: If what you say is correct then, there are many CPCs/empty shell companies available for them to go public.  The mining guys' are eyeing the iron ore assets in NML and under the guise of this is a high risk fintech, want to scoop those assets for nothing!  

I would like to know what the plans are for those assets given that iron ore is a hot commodity and all iron ore companies are red hot!!


I did a little research into it, and it seems that NML could not get the property developed because of "market conditions". They have done all of the groundwork (feasibility studies etc.), but could not get it off the ground. So it isn't environmental activism or natvie land rights, just ROI.  As you have said, iron prices are up massively, and the Millenium Iron Range might now be profitable. I had written it off, but it does look more and more attractive the higher ore prices go. nice.
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