Ann: Aurox signs Agreement with Chinas MCC , page-22

Agree greedy,have followed your posts on AXO for a good while now,but rarely venture overhere except this is quite a good threat to gauge other views into where AXO is heading.

The whole thing reeks of manipulation,even the halt,nearly 2 days for that and then to release it a bit over an hour before close on the Mon when in AXO'S notice on Thurs it did say Tues and never alluded to sooner(althouh asx's did)and then to tramp it straight back down.Hoping the whole aim of that was to aid someones chances to accumulate in the high 20's over the next couple of days.

But all we can do now is hope it's all for the good and this push back once more,is for one more accumulation drive and MCC do come back shortly and secure a deal.

MCC have big backing in China, offices in Perth and alot of experience which they should bring to the engineering,construction and funding side and with offtake agreements inplace and a small piece of AXO pie already it is in their best interests to see AXO eventually do well and also get into production and provide them with value added ore for the long term.....but...

....they have also had offtake agreements and mou's since 06 with MCC/ Heibei/ Chengde(which were supposed to start orignally late 08),and who really knows because funding and project start up got put back if they are even still properly standing and binding.Because these mou's were signed and meant forecast yearly oftake tonnages were contracted no other steelmakers over there were/are gunna approach em and really the Chinese who invested early have played this one by the short and curlies for years now.

But for the short term, holders are basically once again standing in the dark with this and none the wiser.

On ya mgmt.

The way this has been manipulated lately it wouldn't suprise me in the least to now see two days trading and another halt Thurs to announcement funding next Tues.

Who really knows what they are upto?