I am with you Rugger but a bit confused as to why they are going...

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tonyh4

126 Posts.

11/09/17

23:24

Post #: 27142542
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Originally posted by Ruggerbugger ↑

The first 3 bullet points in the announcement say it all:-
1.) New Minister of Mines appointed - tick;
2.) Ministry of Mines has stated licensing of Isabel Nickel project is a major and IMMEDIATE priority; and
3.) Axiom retains legal incumbency for Kolosori and San Jorge.

In the 5 years I have been invested in Axiom I have never heard Ryan preempt the SI Govt making a statement in support of being granted a mining licence. This latest announcement is also backed with enough confidence for Axiom to reignite its drilling program on San Jorge.

Shareholders should also note that the commitment of additional convertible note accommodation is offered at Axiom's discretion. In other words they have the option of taking it up if needed but I believe management will be in a strong enough position in coming weeks where such funding will be replaced with a cheaper and less dilutive source of funding - most likely debt funding or offtake financing, e.g. Re funding arrangement with Gunvor.

While we are all burned out from numerous false starts I truly believe we are weeks if not days away from an outcome re issuance of the Kolosori and San Jorge mining licences.

All IMO.

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I am with you Rugger but a bit confused as to why they are going into SJ first. In my opinion Isabelle is ready to go once licences are granted and grades seem to be higher.

AVQ Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
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