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

First 40 Last

Share
Profile

Follow
tonyh4

126 Posts.

11/09/17

23:24

Post #: 27142542
Share

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.

Expand

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
2 Upvote

0 Great analysis

Reply

Top Stories

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Microcap Wrap: 5 explorers with news out today

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

RCE

Recce's R327 found effective against E.coli during clinical trial

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

There are more pages in this discussion • 77 more messages in this thread...

First 40 Last

Add AVQ (ASX) to my watchlist

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

Top Stories

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Microcap Wrap: 5 explorers with news out today

Ava Risk Group expands US presence with A$0.7M Substation Deal

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Recce's R327 found effective against E.coli during clinical trial

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Featured News