AVQ 0.00% 2.5¢ axiom mining limited

Ann: Quarterly Activities Report, page-18

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 867 Posts.
    lightbulb Created with Sketch. 470
    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 .
 
watchlist Created with Sketch. Add AVQ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.