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2.5¢ axiom mining limited

Hi Vice Sorry for the delay in response to your...

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shane.hardy

3,012 Posts.

12/01/17

09:05

Post #: 21837680
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Originally posted by no vice ↑

Un-moderated version 2.
Jazz, as much as I hate to hear your constant negativity - you certainly raise some valid points along the lines of my own discourse. CF engaged in a long and detailed rebuff of what I said yesterday, and as much as I am tempted to enter into qualifying my opinion or even sinking into a personal attack; this is not the point of this forum. Many of the facts are in line with what you say and the general sentiment toward the stock and SP merely reflects what many choose not to say. I often wonder what RM does each day as he bounds out of bed and punches out a 15 hour shift helping a company which is ostensibly dormant and drilling a few test holes. I also wonder what the ex-BHP mines manager does to fill his days to justify his own pay cheque? Shane Hardy seems to think he is still on salary, even though my own view is that his engagement which coincided with the last CR - was just to fool some of the crowd and give the impression we were just about to take off. Is he dead wood at the moment or does he have a value adding role right now?
From an observers point, the list of fopars is long and not just limited to my recent memory. Unexplained conflicts of interest; lack of forward planning viz contingency plan COA; mediocre legal advice which a board accepted unchallenged; the release of market sensitive information that was acknowledged as nonfactual; unexplained trading during the COA which allowed the well informed to sell out at an attractive price (nobody in authority wants to pursue this to my knowledge) even though a robust trading halt should have been applied; special deals for family via options; the list runs on and on......... Adding to this of course is a falling share price over the past 5-6 years with the exception of a few short lived spikes which may have been manipulated anyway. Just to add insult to injury, the company has adopted a policy of non disclosure unless absolutely forced to do so by Corporations law (Company media releases around CR do not qualify). One share holder quipped, this company is run as a private company and their regard to general email inquiries or small share holder questions - are treated with disdain and ignored. This is the message that most of us get; so clearly there is room for great improvement in information dissemination but still we are stone walled and ponder the companies future left in the dark. There is no emotion in this statement; that is the truth of the matter.
I laughed so hard my sides hurt when some wit suggested the next AGM will probably be held in North Korea. If things don't change substantially (if we do get to another AGM), the current board would be very happy with the idea just to avoid the lynch mob. No changes in the current board, well that's a vote of small confidence I am glad to say but it could change in a heart beat as well and is something to be very mindful about. I hope things turn around because if this investment fails it will have a large impact on my future security and maybe I won't be retiring in Thailand with all my expat mates as hoped.
Many investors have carried terrible losses to date and have seen empiracle evidence that suggests the CEO does not hold the common interests of rank and file share holders with high regard (others know of incidents that support this claim). Considering this, despite the claim that CF makes about renewed investor confidence if (Isobelle, Isabelle, Isabele) is returned (sorry my dyslexia kicked in), I think it will be a point were many take what profit they can and exit. The problem for the company is a public relations fiasco and one of their own making. None of it is confidence inspiring and there are no signs this is about to change. Investors would rightly be thinking, 'what catastrope is coming around the next corner' when the building of a mine, infrastructure and marketing are complex issues. I am sure I am not alone in thinking this way.
If a mining license is procured, I also think a host of well qualified mining executives could bring this project to fruition, although I am not going to name one now. The aura around RM is there if you are a disciple, but to me as an investor, he is just another over paid worker protecting his own income stream. I can see no evidence that this is a well run company (just the opposite) and I live on a wish and a prayer it does not collapse before I get my money out. That's the kind of confidence our CEO has engendered to date.

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Hi Vice
Sorry for the delay in response to your question.....about the 22nd feb.
firstly that was the date I was advised as being decision time on granting back the PL.For KOLOSORI ,
they were hopeful this may have happened prior to Christmas. I did not get this information from the company.
cheers

AVQ Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
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