Clap clap clapping !
Did I imagine that you might have upgraded your sentiment here
@dangs260 ? (Apologies if I’ve confused you with another . )
Merely applying some logic . Many shareholders must be steadfast .
Relatively soon the CN holder will be done we could think. They do not seem to have sold at all in recent days ?
And the churn - is waning , very little selling the last number of days , and already there has been a lot of opportunity for longterm Holders , and anyone seeking to buy to have done so.
Prior to funding news hopefully shortly .
Feels to me that the Market is waiting for finance and funding to be in place .
* Fingers crossed - when the Mining licence was at last announced , the company flagged that they hoped to arrange funding by about the end of October . Repeatedly they’ve stated - are in “advanced “ stages of negotiations .
Soon Axiom may have a few more partner alliances
Generally the nitty gritty of contract arrangements takes a lot of time .
*Again in the quarterly
yesterday , as well as other updates released to market - always has been planned be negotiating of offtake sales of early ore shipments - as the funding source for the mining developments required . (For this next half year I presume . Nearterm needs in any case until the company enters into mining of ore and shipping )
** Everyone looks forward to final figures - overall costs and margins .
Major funds ,and institutional investors require certainty of income and often a minimum $100 million MC to invest .
*There is not unlimited share liquidity - a high percentage of stock is tightly held , as well as several large keystone largest shareholders.
I would think the longer this has taken the more sticky and steadfast the existing holders will be and are. In for the longer haul and a long history to come .
Remember-
Incor and Anitua bought in above 30c per share !
And hold roughly 5% of Axiom each .
They have remained steadfast - have fundamental interest it would seem .
The market generally is the same in all emerging producers at present .
Tough until one day it isn’t . I sold Avanco at about 8.1c !
Anyone not really committed gives up before final re- rate . So often hey .
Seems like forces seek to suppress the shareprice if can , before fundamental liftoff - possibly to allow accumulation .
Today’s action looks like a final exhaustion of selling ?
? Expectations for news - for money certainty mainly . Awaited .
In the end - Axiom
will be the first mining company to restart mining in the Solomon Islands .
And the first ever company awarded a nickel mining licence - for Isabel - after over 50 years of exploration and the very real intentions to develop mining by a number of Majors failed to get ahead ultimately .
Vale , Sumitomo , BHP , etc - thwarted and badly halted by country unrest and infighting , doubt , landowners not unified and lack of direction .
More recently poor leadership within government ranks and departments lack - held the entire country back extra years from progressing .
Axiom will happen. That is no longer in any doubt .
Mining developments are happening at last.
The crowd always looks for certainty . Wants to ‘see ‘ then believe. Not be complicated .
There has just been such a long history of hurdles in this now decade-long journey !
The shareprice is ridiculous undervalued for stage now at and Resource held , as well as total resources potentially held with other Isabel tenements. Don’t forget West Guadalcanal also
The Solomon Islands people
must have a far better future .
I hope Axiom will be like the New Hope of the Solomon Islands - steadily build and grow a great company, with good people , as envisaged . Within the local communities . Employing good local leaders as well .
BOLTA - for a long- awaited liftoff .
