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are you quoting announcements over a year ago? Axiom is in a...

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Redpapa

1,516 Posts.

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28/07/16

16:18

Post #: 18390626
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Originally posted by jazzmox ↑

"it’s for the development of a nickel project"

Says who? You?

Check announcement 20th May

"hereby requests a trading halt pending the release of an announcement by the Company in relation to the financing of the development of the Isabel Nickel Project in Solomon Islands."

Speculation abound back then too. BHP farming in, major investment bank and so forth. In the end it was a $4m raising to pay bills. Mostly working capital, a bit of drilling.
Throughout history AVQ has spent a great deal more on working capital than drilling.

In fact, since RM joined how much have they drilled? Isn't this supposed to be a mining company?

ASX pulled them up on their misleading announcement but they keep doing it.

http://www.stocknessmonster.com/news-item?S=AVQ&E=ASX&N=860444

But I guess you knew that since you DYOR.

Announcement 24th July

"The Board of Axiom Mining Limited (“Axiom”) hereby requests a trading halt pending the release of an announcement by the Company in relation to the financing of the development of the Isabel Nickel Project in Solomon Islands. "

People have short memories so AVQ gets away with this every time and people, like you, continue to believe that maybe this time it truly is for the development of a nickel project and not mostly for wages and travel costs.

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are you quoting announcements over a year ago? Axiom is in a different world now. No longer is there a court action hanging over our heads. No longer are the unforeseen circumstances curtailing the inevitable. Axiom will mine Isabel and will run 2 nickel projects in the Solomons. Accept it. Did you this week's announcement? RM is completing all the pre development work to get Isabel going. The feasibility study for example - that's required for any nickel producer - and it costs money! So what would you do? Commission all the work required to get the operation up and running and not pay anyone? I guess that way you wouldn't need to raise funds, hey Jazz?

AVQ Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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