Australian miner exploring Solomons suspends trading.Last...

Australian miner exploring Solomons suspends trading.

Last Updated: 6 hours 52 minutes ago

A small Australian mining company positioning itself to develop one of the world's largest nickle mines in the Solomons has suspended trading on the Australian stock exchange.

Axiom's chief executive officer, Ryan Mount, requested a suspension for up to five trading days to finalise what he calls particularly sensitive negotiations.

Pacific correspondent Sean Dorney told Radio Australia's Pacific Beat Axiom mining announced early in March that it had signed a 50-year land lease for the property on Isabel Island in the Solomons.

Axiom said at the time it was well positioned to move towards developing a mine there.

Sean Dorney says that resulted in a huge jump in price.

"In March the stock exchange asked Axiom, did it have any information that it hadn't released to the stock exchange that would cause such a jump in its price," he said.

"It went from three cents to 70 cents and this has happened again in the last week."

http://www.radioaustralianews.net.au/stories/201104/3194141.htm?desktop

I missed selling on the last 2 spikes to 70 cents but next time i'll be ready :)