AVQ 0.00% 2.5¢ axiom mining limited

Ann: Isabel Nickel Project defines first 5 years of production, page-88

  1. 8,619 Posts.
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    Waterblunt, on what do you base your targets? You say AVQ will rally 400% on a CoA win. Also, everyone says a CoA win is a given as SMM have no chance. So why is there so little interest in AVQ? Could it be that the asset just doesn't stack up?
    Do you know how hard it is for a stock to even double in price? A 400% increase happens very seldom and usually only from a very low base. I.e. market cap of $4m going to $16m on the back of a ground breaking announcement.
    The market cap here is already too high.

    It's easy to pluck numbers out of thin air without anything to back them up. In fact, nobody here is able to back up their targets.
    If AVQ has any chance of going up so much why did RM sell all his shares at 5 year lows? People say he needed cash for tax reason but a person on $1m p.a. forced to fire sale his shares to raise extra cash sounds very dodgy to me.

    Put up a 5 year chart of AVQ and you will see it has not gone anywhere in half a decade. So what makes you say management have done such a good job? Who is really benefiting from keeping AVQ going? The convertible note agreement and the offtake have booth been bad decisions adding no value. All these questions have very simple answers.

    You also say SMM fighting for this asset is proof it is worth billions. Do you know why they are fighting for this asset? I bet you do not.

    You say we all know a grade of 1.2% is very good. Who are we? Your Hotcopper mates? Nobody else has any interest in this stock. Analyst only cover this if RM pays them to cover it.
    Can you post any numbers, any at all, to back your emotive laden claims? A dartboard won't do. If grades are so good why is the project not viable? If opex is at $40/t, as AVQ states, and prices are $30/t or lower are the grades good or bad? It's a very simple question

    Do you understand that grades for a DSO operation need to be much higher than if you build an HPAL plant? A DSO operation with grades at 1.2% is very low. A mining analyst I spoke to said unless you have 2% just forget it

    As for targets post CoA if successful I think a rally similar to last time is maximum. Last time I said AVQ will rally to 3 cents max then retrace. People laughed and howled 10 cents easily. AVQ went to 3 cents then retraced same day.
    I agree with Vish, more than 40 cents is a pipedream, probably much less. Just a trade before reality sinks in and people sell. They still need to raise $50m in capex. Chances are nobody will back AVQ as the project is not viable. They can't raise this in equity and banks won't go near it.
    Lots of dead money in this stock. Traders won't give a stuff, they buy and sell same day. I think many here will sell out within a day as well

    Didn't you also say boxing day sale is over and get in quickly when AVQ rallied back to 29 cents on low volume? Now back at 22.5. Boxing day sale seems on again? lol
    If this falls below 20 cents look out

    Also, what happened to WG, the company maker? Didn't you say grades of 0.7 g/t are amazing and someone else said you can just scoop the gold off the surface as the grades are unreal. Scoop the gold off the surface? WTF? lol, the nonsense on these threads is unreal
 
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