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clock Created with Sketch. 29/03/16
01:32
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Originally posted by Io
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Lots of chatter on this thread but not much non biased clear thinking. I don't hold AXIOM but I have followed this project for a decade. I have been on the ground in the Solomons, visited the ministry and both projects. I think a couple of obvious points are: (1) at current nickel prices a direct ship project is not economic. Sorry, but it's just not going to fly. (2) whatever the wishes of shareholders are there is still a long way to go with the legal process. This has ready gone on for years and will go for more. (3) Sumitomo has the funds, it can rearrange it's land holdings and wait until Axiom run out of money. Clearly they are prepared to wait years. (4) why did management spend money on a project where the legal title to the ground was uncertain and it's been uncertain for a decade?
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Downramper alert *reor reor* get ready to be attacked by a few blind faithful AVQ holders. Even though what you have said is sensible to anyone not with a vested interest.
