should be some traction on accudo front. after all companies must have mined the data room and come to some sort of conclusions. somehow i do not think we are very far away.
procedural issues must be patent related as these would be outside control of AXM. cant think of anything else! which makes the matter positive! only success requires a patent/procedures etc. failure would cause abandonment.
i think someone BIG will come through once they visit the data room to finance the DFS/BFS. Why pay royalties when you can own the company if the data is really encouraging. Seeking expressions of interest from strategic industry or financial advisors should do that! the positive is that while this will take time, the goal post has been enhanced. Acquisition of assets would have been after DFS/BFS. the DATA is encouraging enough to acquire the assets now and then do the DFS/BFS. That must equate to best asset being acquired is the owner of tech company= AXM. If I was to put funds for DFS/BFS I would definitely put some funds into AXM itself. My two cents worth of confidence. Strategic partner funding few millions worth of asset acquisition and DFS/BFS may direct some funds towards buying AXM.
Have been firing blanks for a while!!! Seems data room though might prove the sperm count and good testosterone levels and we have lift off!!!Bring on a white Xmas
it may be the case that the cost of acquisition of assets has risen significantly above the budgeted expense and accudo requires additional funding. the statements made today were bold and clear about the tech and covered all matters. it highlights that the company is very busy on multiple fronts.even the Li research project is running behind due to less lab time availability. we are actually close to a breakthrough. and I am strongly of the opinion that some big player will snap AXM. That event is gathering traction as tech is being proved up. Data room is dishing out results to prove just that.
The update is very encouraging about Accudo test results and talks with majors. The tech is working and will be used for enhancing current production. its happening and a little delay is not a disaster. Time to load up frankly.
it was a good honest update and very encouraging. the tech works and the company has reiterated that "Alexander remains in discussions with existing major producers around the potential for the use of its patented technologies to enhance both current production and expansion opportunities they have within their existing resource and reserve asset base."