Ann: Strategic review of options for non-graphite assets, page-8

I agree good to monetise the tenements AXE cant exploit but not sure IPO and fancy advisors are a good idea as very costly and always look ultimately at their own best interests. Notice that MTC.ax baled on the icobalt ipo after spending $$$$ on advisors . Just think of the costs of creating and marketing a new 'AXE graphene Co.' and a new 'AXE tenements for JV' Co. and also then still need to raise cash and IPO's can be very difficult if general market poor - ie cant be controlled (not even considering the stationery, logos, websites and etc). No wonder the brokers and corporate types must besalivating for feee$$$ and warrants etc . Why not just do a MUCH MUCH cheaper CASH positive open tender for JV/ farm-in on the existing tenements get some cash up front with no CR dilution and with NSR/ free carry in addition to get things moving, with specified drilling expenditure as part of the deal from the farm-in partner. Cobalt may not be the technology forever so needs to be mined asap. A few phone calls to COB, BPL, AUZ, etc etc and a transparent bidding process with MINING people not financial showboat types... Its not rocket science. BUT a good deal with say COB etc might put a rocket under SP .