fmg deal and future moves by chinese steel cos, page-5

AXO should (re?)start discussions with Atlas Iron. They seem to have a management team that is capable of actually doing something. The market respects them - check their share price graph - it's a lot better than AXO.

There is a hell of a lot of magnetite up North (Murchison Metals recently announced another 900 Mill tonnes of it) so this vanadium needs to be really special to the Chinese otherwise it is just so easy to get it elswhere.

There has to be rationalisation in the industry and it is unlikely AXO will survive in it's current form. To rely solely on the Chinese is a mistake.

AXO has a big problem on it's hands - how to repay the AXOG's. I hold some and I want my 95c - I will not swap it for equity and more blue sky dreams - who in their right mind would? I am losing confidence in AXO management which seems to operate at snail's pace and has no idea how to maintain communications with the market.