Ann: Strategic review of options for non-graphite assets, page-3

The problem with a graphene CEO is that he sees AXE as a graphene company. The peers in that area are VRS.xlon, HAYD.xlon etc. They are not graphite miners. They have spent a long time and a lot of money making versions of graphene in inks and other forms often with them paying for the privilege in the form of MOUs in the hope that the big company who needs graphene in their products will buy their graphene . This is a global and capital intensive and time consuming business with many stagnant companies. Trying to do this from Adelaide with limited capital and tied to a mine is very tough. Ionic Industries will try to IPO on asx later this year and after many years work was recently doing share placements at one cent (!!). They have patented graphene water membrane tech and patented printable microsupercapacitators - although check google patents - there are literally tens if not hundreds of very similar sounding patents out there- and a tie-up with CLQ and there might be a revenue stream from that JV but then again CLQ water might go with someone else potentially down the track . Graphene is a tough bleeding-edge space with many competitors in it already for a long time . Nanoexplore in canada is not a miner although part owned by masongraphite - they are just one competitor ,also nano3D , graphene lab , Urbix, etc etc. Lots of struggling companies lured by the bright future with the most successful ones heavily dependent on people like BASF etc and not having their IP stolen or the corporate MOU they work for for so many years buy someone elses product . Wherease AXE is an exploration /development company with LOTS of fantastic resources that it just needs to DRILL and FOCUS . IMO spin off the likely long term loss making graphene business with no financial ties to drain AXE and GET BACK TO MINING!!! And while your at it spend the hard earned $$$$$ going now to sequoia and all the bloodsucking corporate advisors and brokers on DRILLING.