ADX 0.00% 0.9¢ adx energy ltd

newmont deal - is it going to happen soon?

  1. 40 Posts.
    Stumbled upon this article in The West Australian written a couple of weeks back. Must be the explanation for the price movements (up and down) of late. Has anyone heard any other news or anything recently published in WA newspapers about the Newmont deal.

    Beal talks to Newmont on venture
    Back
    Date 15/11/2002
    Author Neale Prior
    Source The West Australian -- Page: 43.
    Western Australian-based AuDAX Resources has begun joint venture talks with mining giant Newmont. The negotiations have moved forward after the junior explorer's director, Leith Beal, won a legal battle to secure the Bronzewing South tenements on 14 November 2002. Beal said he expected drilling at Bronzewing South to begin by late December 2002 or in early 2003, with the exploration plan depending on the outcome of negotiations with Newmont. Newmont has land abutting Bronzewing South, with initial drilling expected to focus on the southern border of the Newmont land. AuDAX Resources shares closed up $A0.09 to $A0.55 on 14 November 2002.

    © My Money Group Ltd. 2001


    Is it going to happen? If so, what is the hold up? Newmont is the world's largest gold producer & if it takes a stake in ADX, they must know it is worth something.

    Any opinions or recent news?

    Jd23

 
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