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2.5¢ axiom mining limited

Ann: Isabel Nickel Project - licencing update, page-361

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AlCp

3,836 Posts.

218

09/01/19

01:51

Post #: 37062945
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Originally posted by IntenseOnlooker ↑

Originally posted by AlCp
He sort instruction from his client and they weren't too bothered to confirm/disclose the content of the letter.
The $2M raised from the director won't be enough for exploration, let alone go into production. It's used for his and RM's salary (have you look at next quarter's estimated costing from AVQ.....).
You don’t even absorb what’s written in that announcement. That $2m + $4m to be raised in same or similar terms are to be used for tenement applications. Exploration costs would come from off-take, which is to be finalised.

Also, it’s a great insult to Markoff’s intelligence that he would put his own $2m simply to pay RM and himself if he doesn’t see a positive future. As a director, his director fees would not exceed $70,000, or $100,000 per annum at best. Maths doesn’t add up here, mate.

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The $4M will be from share holders and I wonder who will participate, the estimated staff cost is $650K and administrative cost is $400K for the quarter so $1.05M out of the $3M and we know RM earns nearly $1M for the year so the other director/management remunerations says the maths does add up.......and on the contrary, I tip my hat to Markoff's intelligence.

Last edited by AlCp: 09/01/19

AVQ Price at posting: 6.5¢ Sentiment: Sell Disclosure: Not Held
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