Iron Ore rally, page-23

Hi Rock,

Thanks for your thoughts and I am glad someone else has a casual glance at AXZ.

I do know that they got their 20 million back which was reported in one the quarterly reports.Last I heard was despite AXZ winning a court decision for around $5 million this was being disputed by the previous Chinese contractor. A teleconference was due 5 May as per most recent quarterly but since then no news at all.

Yes I am aware of the discounted rate with the iron sands but the cost of delivery to their port in Fiji at $20 to $22 is attractive despite IO not being the flavour of month at the moment.Plenty of choice for investors at moment as you say. A buyers market for shares and that is very much the same in real estate.

The website needs some fine tuning as in the recent quarterly states that completion and production would be towards end of 2017 whilst on the website it says production in the first half of 2017. let us see what the next quarterly says but more importantly when the the GM is due, then more questions can be asked.