AVQ 0.00% 2.5¢ axiom mining limited

Ann: Axiom granted rights to world class Isabel Nickel Project, page-129

  1. 3,850 Posts.
    lightbulb Created with Sketch. 1919
    Correct Deet's
    Magna's opportunity to flush on this news hence the hard selloff from the start of trade. I was surprised 20cts found no support so didn't add to my small holding. To many 3B's after ANN for Magna to dump. The last was the day after Axions awarded Development Consent on the 23rd May (surprise surprise ). The SP was flat since then. Good opportunity to dump a quick 5m by early yesterday afternoon on the news.
    Unfortunately Axiom will need capital to develop moving forward and these con notes take their toll. Kolosori is the key with a bankable JORC that can raise a debt base facility against accelerated start up to production once PL and ML awarded.
    GL and hopefully permits awarded with a SAA in the not to distant future and we can move onto production timetables.
    cheers
 
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