turning the corner (finally), page-10

Hi davo and Legume,

Creasy paid $450k for those 600m SIR options, but something smells very fishy about the whole thing imo. It also appears that former AXM directors and Creasy carried out exploration work with AXM s/holder funds on the SIR nickel assets when they were still under the ownership of Apex...?

I posted they following question on the SIR forum last week, but received no response...?

Back in 2009 when Bennett, Ashly and Creasy etc disposed of the Apex (AXM) nickel assets to Croesus (now Sirius) in return for approx 70 million Sirius shares and 600 million unlisted SIR options with a 3c strike price. They also reimbursed themselves for past costs associated to the nickel assets, Mr Creasy also organized +250 million SIR shares as reimbursement for past exploration costs incurred on said properties and nickel interests which were transferred to Sirius.

I believe it was also stated at the time that the deal was structured in such a way so that AXM shareholders would benefit from any future success acheived from the SIR assets, however in 2010 when Mark Creasy purchased 600 million unlisted SIR options back from AXM for $450k, did this not essentially strip all AXM shareholder exposure to the nickel assets?

Mr Bennett also commented on Mark Creasy's purchase of the 600m unlisted SIR options through his Yandal Investments as "demonstrating his confidence in the company's future" but imo as he had already received reimbursement for past exploration costs on these assets prior to transfering them over to Croesus (SIR) in 2009, doesn't it also demonstrate that either he had no confidence in his nickel assets in 2009, or that by purchasing the 600m 3c strike price SIR options off Apex, was simply a way of cutting AXM s/holders out of the previously structured deal?