Ann: Appendix 3B, page-39

Hi Waterblunt,

Because I know from your posting, you were a genuine holder and are not here to throw axioms current position in holders faces so I will reply.

I still hold, I don’t trade it, and unfortunately I too have taken a massive hit currently multiples of your $50k loss.

Hindsight would have told me to sell, but of course it’s tge would of, should of, could of but didn’t. The reasons why I didn’t at the time, are still the same as of right now. I believe Axiom will be awarded a ML for SJ. I do not know about Kolosori, but I believe we have every possibility. Who else would they awarded it to? The Chinese, Japanese or any other consortium? Why? Would anyone here without an emotional opinion, honestly believe that the landowners after years of waiting and deliberation, would want to reset that process. And then run the obviously time wasting process, of the mines application.

My original decision to invest was made when I was visiting family in Adelaide, and I read an article about axiom in their local paper the advertiser. The headline was something similar to Australian miner awarded licenses to 6 Billion dollar nickel deposit. Yes that was many moons ago, and obviously market conditions have changed since then. But the potential asset hasn’t, it’s still there. And IMO we now have better than anticipated mineralisation deposit in cobalt. As well as scandium, which I know little about, but surly has to be worth something.

Since that original investment, I am very pleased to have met Ryan Mount. Everyone is entitled to their opinion, so while haters have theirs I have mine. My clientele base ranges from BHP, Leightons, Holland’s etc to the Australian Gov. From the coal hoppers out on site to coal loaders at the ports, and all of the infrastructure in between.

I’ve met the operations manager of BHP Southern Hemisphere, and I can say with my hand on my heart, Ryan Mount would run rings around most of these guys. I understand how support teams do a lot of the work, while managers are what I call front men. Ryan doesn’t have a support team, he’s doing a lot of this on his own. BHP have more bloody workers in their support team than actual workers.

Ryan is Axiom full stop. Not only has he kept the company afloat, he’s dealing daily with the landowners, government, stake holders, clients (potential clients), suppliers, community, fundies well everyone and of course shareholders. Plus our company internally. He hasn’t just filled out a form and sent the bastard in. There are continual requests for additional info, adjustments, lobbying etc. this year alone there has been 3 mines minsters. With each new minister the lobbying process starts again. SI now has a new PM, this is the situation Axiom faces. Payments for consultants I here a lot on here, what Ryan is meant to do all this on his own? Oh yea that’s right let’s employ more people, so we can pay them when they are not working, instead of paying contractors for their time only when required. They are all back of bus.

I think those who don’t post here anymore is due to the fact they understand the intricacies involved with a 3rd world country. Or they have sold, but 3Bs show only incor have off a small parcel, so I assume they still hold. I think they don’t post as there’s nothing to talk about.

On my current project, the ops manager just pocketed a $800k bonus. That right a bonus, on top of his salary. A bonus for a project that doesn’t generate a revenue yet it was for reaching KPIs. For those who are still reading this, the tight a...... didn’t even put drinks on last night.

So while the haters hate on here, I often wonder do they really know what they are saying or are they just taking pop shots, empty vessel makes the loudest noise.

I think we will take another hit if license(s) are not awarded before Xmas, and it will be an anxious wait until the mines board reconvene in the new year. And I expect a flurry of negative posts, it will come from those either not prepared or just the usual not happy jan crew.

Once a license is awarded, all of the white noise goes away.