The SIR spin out from AXM happened under an internal shared services agreement where all money spent by AXM on the SIR ground was paid back from the initial CR done on the back of the CRS reconstruction.
Apex sold the shares and options to Creasy to keep the wolves from the door back in 2009 - MA was firmly of the opinion that there was no way SIR was "going to find something out there". The AXM staff that were working on both SIR and AXM ground all left around the same time and Mark Bennett set up shop, hired his own people and went it alone. There was nothing at all that happened that was underhand, dodgy or unethical from an SIR or Mark Bennett point of view.
I can't remember if AXM disclosed the sale of the shares or the sale of Magma or Empire Resources shares (both of which were "punted" by the AXM business development team) at the time
AXM Price at posting:
11.2¢ Sentiment: None Disclosure: Not Held
