Kolosori Update, page-10

Hi Kakala

The good thing is we have updates and progress.  How that all pans out will be in the pudding.

As far as Kolosori is concerned, it would seem that the LOI is awaiting a SI Mines decision.  How long did the ML take on San Jorge?


What I do know is this concerning Sunshine: "Metminco Will No Longer Acquire Gunsynd Investee Sunshine Minerals"
Reference is http://www.morningstar.co.uk/uk/news/AN_1540906954406665500/metminco-will-no-longer-acquire-gunsynd-investee-sunshine-minerals.aspx

LONDON (Alliance News) - Gunsynd PLC said Tuesday that Metminco Ltd has pulled out of the transaction to acquire investee Sunshine Minerals Ltd."This is disappointing but we note that the nickel price has dropped a bit since the transaction was announced. We expect that discussions with other potentially interested parties will take place shortly," said Hamish Harris, Gunsynd's executive chairman.Metminco agreed to buy the entire share capital of Sunshine Metals, which owns an 80% stake in each of the Jejevo nickel project and Tausere bauxite prospect, both located on the Solomon Islands.Gunsynd owns a 20% stake in Sunshine Minerals.Gunsynd said Metminco still regard the project as "attractive" but was "unable to complete due diligence to its satisfaction".Sydney-listed Metminco also was listed on AIM until leaving the London exchange earlier this month.Shares in Gunsynd were down 15% Tuesday at 0.028 pence each.
The concern around this company is the questionable process and the actions of a few that may well see the potential for failure IMO.

Axiom Management maintain a high level of respect which is not reciprocated by those who chose to want to do under the table dealings.  Plenty of naysayers seeking revenge with genuine reasons to dislike management, BUT Good on Axiom for keeping their noses clean. 

GLTA