RE: LCCM29 May 2025 12:56
Yes, i agree they could pull out but, Axis must already have done all their due diligence and be satisfied with the project to have got this far. The relatively small deposit is unlikely to be an issue in my opinion. I'm thinking it's more about legal stuff and regulations etc. Organising something like this probably never goes quite to time schedule plans.
Any way, I think this deal is a surprisingly good one for sml and should prove very beneficial for Redmoor going forwards. Freeing the new management of the lccm nonsense and pulling in c.£4m couldn't be better. We're going to end up with just the one project, Redmoor and a money making venture on the side, Cobre. Essentially, all our chips on Red. So, they've got to put everything into Redmoor and as fast as possible to win.