future projects

Hi Dekla1

Last year a placement was made to Westar (a Perth private equity consortium).As a result the Co is well funded. My understanding is that management is negotiating the purchase of assets/projects. Very little detail available, most best guesses suggest this may be an iron ore asset(maybe gold), probably overseas, but Co has kept a very tight lid on details. One seemingly well informed poster has intimated that it is ironore in africa ?

AXC is very tightly held and strong hands hold.Placement was made at 8c and i have been told by several sources that westar does not get involved unless there is a 10 bagger on offer. Once deals are announced then sp should move quickly. I have heard that the size of the deal once complete could send AXC sp to around 70c-80c, others have suggested $1 + .

I have heard that negotiations are progressing with the possibility of an outcome in the near future.

I would be very interested in any news that u have but am reluctant to publish an email address on HC. I hope u understand, not sure of a way around this unless you are prepared to furnish yr email ?

cheers