UBS are just the broker acting on behalf of a client who had a...

UBS are just the broker acting on behalf of a client who had a large holding but does not want to be named.

Red whatever mate, it looks like information on the company, are you telling these previous drill holes are lies and that Xstrata are spending 16 million on drilling for a picnic in the South Australian outback........its called opinion and discussion the reason the forum was invented......if you don't want to discuss AXT with us then GO AWAY or hit IGNORE!!

Yes if Xstrata like what they see after a number of holes are drilled they probably will try to get in and take over that is why they are here. They like what they see and they know the future demand of copper and it is a good chance for them to tie up some assets for the future.

They like the area which is known for IOCG deposits and have also put some money into drilling at a neighbours tenement Gunson, though they have put a fair bit more towards AXT.