I feel that they have been taken by surprise with the rejection. they seem to have complied with the ASX rules in terms of timing and have probably already commenced recovery strategies.
there appears to have been some foul play inside the mining board by the way and timing of the rejection.
If legal process is now clean in SI government there might be a chance of fixing this. if not it appears that they have some strategies in place.
what is required is some honest statements from the board and / or senior management. open and honest approach is now very important to bring shareholders to support Axiom and management.
AVQ Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held