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Jalaluddin

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22/11/18

13:00

Post #: 36602003
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Originally posted by djm3001 ↑

It is odd not to make a bit of an event about it i agree.

I really dont get the muted response to this announcement. Normally it is pumped relentlessly on fluff but this is actually a strong piece of news and i would of expected a bigger spike.

There are ongoing landowner disputes still at Kolosori as can be seen by the article in todays Island Sun but Axiom have lodged the SAA's with the MMB and the SIG and landowner disputes are a way of life over there so I think its more important that something has actually been lodged.

There is a MMB meeting next wednesday 28th November so it will be interesting to see if anything comes out of that.

If they can swing a PL on Kolosori then that JORC estimate and PFS that they have from 2016 becomes "live" again and can be used as they will have both tenements. If that is the case i can see then that financing and offtakes are a real chance as they have the paperwork to facilitate these things. They can define what they want to sell and can put some real numbers in front of financiers. From memory i think the NPV was something like $190 million USD so that gives some definate room in the SP.

Lodging that SAA is a BIG deal and i cant see why it hasnt gone better. stumped!

perhaps as the news filters it will start a steady climb.

Interesting to watch to say the least .

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"Normally it is pumped relentlessly on fluff ..."

Perhaps it isn't pumped because it isn't fluff.

AVQ Price at posting: 9.2¢ Sentiment: Sell Disclosure: Not Held
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