Gold breaking out yet TRY ignores it & stays near 3 year lows....

Gold breaking out yet TRY ignores it & stays near 3 year lows. yet reports and drill results are stunning.

CEO just said:-
"Going forward, I am confident that, with the current upside in exploration, the ongoing excellent operating performance, a focus on cost savings, training, and a dedicated workforce, we can look to the future with some optimism. The main focus is now on increasing our reserves by converting our resource base to reserve status, good exploration through innovative thinking"

Big news in the AR just released:-
- guidance retained, optimism, good exploration focus
- no mention of the north wall drop
- Investec debt reduced to U$8.2M
- Eduardo fully gone
- RIM fully gone
- McCusker QC, top lawyer/former governor of WA takes a stake
- Jeffery Markoff/Ack takes a combined 14M top 4 stake, famous lawyer in NSW, AVQ director
- INSTOs building stakes
- Ruffer still holding 6% (looks like through Citi)

Sep 26, 2018 - Axiom Mining Limited ('Axiom' or 'the Company') today announced that Mr Jeffrey Markoff has been appointed to the Board as Non-Executive ...

Subsequent to year’s end, we have repaid a further US$3 million to reduce the outstanding debt to US$8.2 million.

TRY Top 20 as at 6/10/18
HSBC Custody Nominees (Australia) Limited 73,528,056 15.93
J P Morgan Nominees Australia Limited 39,385,588 8.54
Citicorp Nominees Pty Limited 37,584,450 8.15
Ack Pty Ltd 10,890,373 2.36
BNP Paribas Noms Pty Ltd 6,124,048 1.33
BNP Paribas Nominees Pty Ltd 5,346,232 1.16
National Nominees Limited 5,123,564 1.11
Neweconomy Com Au Nominees Pty Limited 4,365,865 0.95
Mr Jeffrey Markoff + Mrs Yumi Markoff + Simon Szewach 4,000,000 0.87
Warrigal Pty Ltd 3,816,800 0.83
Mr Nan Ze Xu 3,800,000 0.82
CS Third Nominees Pty Limited 3,492,900 0.76
Chester Nominees WA Pty Ltd 3,230,682 0.70
Craig Park Pty Ltd 3,000,000 0.65
Graham John Fisher Pty Ltd 3,000,000 0.65
McCusker Holdings Pty Ltd 2,950,000 0.64
Mr Sam Zhu 2,392,254 0.52
Resource Consulting Services Pty Ltd 2,345,885 0.51
Mr Andrew Dane McDonald 2,300,000 0.50
Marford Group Pty Ltd 2,215,219 0.48 Total
Top 20 218,891,916 47.44

Ruffer LLP 27,972,401 27,972,401 6.16%

And more good drilling results & Ohio creek works:-

"The drilling [at spearpoint] confirmed several high grade shoots related to the coarse mafic unit and the NS quartz veining. The geological and block models have been created and initial Ore Reserves and Mineral Resources completed.
Drilling has confirmed the high grade character of the Larken prospect.
Late in the year an assessment of the Ohio Creek Prospect was carried out, followed by mapping and sampling of the main saprolite working – the Tallman pit. The main focus of the local miners was on a shear zone contact between a folded sedimentary unit and a foliated mafic unit. Within the shear zone, flat dipping quartz veining with visible gold was noticed. The shear zone is up to 10 metres in width."

So with top lawyers onboard, the dead wood gone, debt slashed. gold price breaking out past hedges to 1230 boosting AVRP/FCF & great drill results,

TRY will FLY!