SI Government Plea, page-13

Hi Sammy_tic
I’ll gladly provide my viewpoints in quick summary.
From my understanding, Sumitomo have a company policy which only allows them to make deals with Governments. This has been one of their greatest obstacles in the Solomon Islands.
The SI Gov’t requires a SAA agreement with the traditional landowners for any mining or exploration activities, whist SMM have tried this, for all these years they have operated in the SI, they have never been able to obtain the necessary agreements / permits with Landowners. They have only created conflict, mistrust and hatred. The fault being largely their poor choice of servants in the SI.
RM has been successful there. Hence our mining licence is on the Gov’t table.
Once we have all the licences and permits, all boxes are ticked. This will now enable SMM to follow their company policy and deal with the Gov’t only, by going for a takeover or some sort of partnership with Axiom. Let’s face it, SMM is gigantic, whether they go for a takeover at $1B or even $2B, this is chickenfeed money to them.
I firmly believe that they must have the ore, currently they are processing twice as much ore to get the same amount of Nickel from the Philippines, and this Laterite Ore is soon going to run out. Just read through their announcements.
If SMM wanted Axiom to go broke, they could easily have avoided the injunction whist the Court cases were in progress; this would have forced Axiom to do the exploration whist also funding the court process. We would have sunk and gone broke back then. No way could Axiom have afforded both activities.
SMM can’t afford for the ore to go to China, this would give the Chinese a stranglehold over SMM. SMM are not such a bad Co, they have just chosen the wrong people to work for them in the SI.
My viewpoints only.
Cheers