Australia's largest stock trading and investment forum Australia's #1 stock forum

AVQ

Click for more information

0.00%

2.5¢ axiom mining limited

Complaint to the ABC, page-7

First 7 Last

Share
Profile

Follow
jambo12

44,867 Posts.

1

24/03/16

19:05

Post #: 17358525
Share

Originally posted by sirjohnnyboy ↑

Dear ABC,
I am a shareholder of Axiom Mining (AVQ).
Yesterday this news article appeared online:
1. http://mobile.abc.net.au/news/2016-...es-solomon-islands-nickel-to-sumitomo/7269324
and appears to be currently active.
This report has subsequently been shown to be erroneous or at least misleading, and this situation has been clarified by the following release from Axiom Mining also yesterday 23/march 2016:
http://www.asx.com.au/asxpdf/20160323/pdf/4361nb6jtrw4vq.pdf
In addition the Solomon Islands Prime Ministers office of has retracted an initial press release (that potentially negatively impacted on AVQ company and shareholders )...copy of a press release relating to this can be found here:
2. http://www.radionz.co.nz/internatio...t-retracts-release-on-court's-nickel-decision
And the official statement in regard to the retraction of this initial negative press release is as follows:
"PMO RETRACTS PRESS STATEMENT REGRADING COURT DECISION ON NICKLE MINING CASE
The Prime Minister’s Office has decided to retract a press statement regarding the Court of Appeal decision between Axiom KB Ltd and Sumitomo Metal Mining (SMM) Ltd.
The Government Communication Unit on the sole advise of the Special Secretary to the Prime Minister issued a press statement on 21st March 2016 titled ‘GOVERNMENT WELCOMES COURT OF APPEAL DECISION ON MAJOR MINING BATTLE.’
This press statement was later deemed to be erroneous because it misrepresented the Prime Minister and the entire Solomon Islands Government on this case and furthermore, did not reflect the Appeal Court ruling.
In retracting the press statement, the Prime Minister’s Office said:
Firstly, the press statement carried direct quotes by the Prime Minister himself and this is misleading because the Prime Minister never expressed the government’s position on the issue.
While the GCC Government welcomes any decision on the outcome of the Court of Appeal ruling, such a position is solely be for the reason that the long-running battle has now ended, which would pave way for the resumption of processes to have the Isabel nickel projects on track again.
To that end, the Government is mindful of the importance of investor- confidence and will strive to ensure there is a level playing field for all investors in all industries including mining.
Secondly, the press statement might have wrongly implied Government endorsement of one company over the other based on the Court ruling and that one company is more reputable than the other which is not the case.
The Office of the Prime Minister therefore, would like to apologise if the press statement is interpreted in this manner by the management, Board of Directors and shareholders of Axiom KB Limited, and expressly withdraws it. It also apologises if ever the implication of the press release is deemed to mean that Axiom Mining Limited and Axiom KB Limited are not reputable mining companies.
The Government is ever mindful of the implications of the Court ruling that ensures that both companies applications for mining of nickel in the Isabel tenements are again returned to the drawing board, thereby offering a level-playing field for all parties involved to start all over again.
Thirdly, the Office of the Prime Minister understands that the said press statement is being carried out of context by the international media that may potentially undermine the reputation of one company over the other outside of Solomon Islands.
The Office of the Prime Minister wants to assure both companies that the Government is mindful of the high international regard for either companies in their countries of origin of Australia and Japan.
The Office of the Prime Minister therefore would like apologise to the parties concerned of any inconvenience, financial strain or ill-feeling that the erroneous press release may have caused to them and their stakeholders.
The DCC Government remains steadfast in its commitment to develop the National Mineral Policy, to review and amend the Mines and Minerals Act and review the mineral exploration and mining operations is Solomon Islands.
Ends
Christopher Leua
Assistant Press Secretary
Office of the Prime Minister and Cabinet
PO Box G1, Honiara
Phone: (677) 21863"

I would appreciate it if:
a. the online story stating that Axiom Mining has lost to Sumitomo (1.) could be removed in light of the fact that it is manifestly incorrect and misleading,
b. In the interests of fairness the ABC could post an article similar to that posted by RadionNZ online (2.) showing the retraction.
c. I ask that the ABC allocate some resources to thoroughly investigate and report on this case, which has included evidence of corruption by a party to the court case. As an introduction, the following is provided (thanks to another AVQ shareholder):
"Here is the original High court transcript.
http://www.asx.com.au/asxpdf/20141027/pdf/42t6cs54f0bjn0.pdf
You can work out for yourself (some parts are conveniently highlighted in yellow) to what extent Brown J. regarded SMMS employees to be cheats and liars. Although when you see their communications between each other it wasn't a difficult conclusion to come to ......"
Thank you,
(name and contact details supplied; typos amended for HC post)
Cheers all (and thanks to all contributors for the info contained)
SJB

Expand

Nice work johnnyboy, success:

http://www.abc.net.au/news/2016-03-24/solomon-islands-apologises-to-australian-nickel-miner/7275596

AVQ Price at posting: 38.0¢ Sentiment: Hold Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

RBA holds rates as ALP election campaigning kicks off – expect more political focus

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

BNZ

BENZ Mining jumps +17% as it snatches up WA gold projects from Spartan Res

FCG

Freedom Care Group reveals NDIS wants to ban it providing program services

There are more pages in this discussion • 13 more messages in this thread...

First 7 Last

Add AVQ (ASX) to my watchlist