Reality CheckAXE was doing fine as an explorer at which it was...

Reality Check

AXE was doing fine as an explorer at which it was very good. Great program, professional reporting. Sadly It is a shadow of its old self today

Big mistake to put an academic researcher at the helm of a business in which AXE had no experience and whose background of running an organization seems have been limited to running a website. Much worse than putting  a tiger in a butcher shop. The butcher will disappear with everything else Did we ever discover what the turnover of the carbon allotropes website was and what it actually SOLD in $$ terms.or even when the first sale is anticipated

The claim by the new CEO that the share price benefited since he was hired last November is arrant nonsense. Spin at its very worst. Lets have a rewrite of those claims at today's price Every announcement has been treated by the market with a yawn within days after the cloud of confetti has settled. Researchers typically believe that they cannot fail that has to be the very essence of what they do. Problem is it is always something or someone else that causes the failure. They need to be DIRECTED, not DIRECTORS

The announcement that we just received a part payment of $250,000 for one of the "biggest resources of it kind" (that we invested to develop) is not something to trumpet as an achievement, it is an acknowledgement of failure. That sale for a pittance places a serious (undeserved) question of credibility over the hard won reputation of the Company and its exploration efforts.

Straight into the black hole with multiple more to come. Staff salaries will swallow that in no time and then what. Flog off more of the farm of course', and then...?

The answer is not to "monetize" hard won assets that is just a euphemism.. Call it for what it is Liquidation

The tail is wagging the dog. Bite the bullet and cut the losses now. Merge the graphene business with one of several which are making real progress with pragmatic applications and maintain a shareholding in the merged entity (a customer for Archer graphite)

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Stick to our knitting and fire up the exploration business again

Start with an announcement of WHEN the drilling rig will be mobilized at Blue Hills

Now sold. Holding only worthless January 2019 options until / if common sense returns

Intended as constructive criticism