Zaf, I can confirm I am also a holder in MNM. Again holding with...

Zaf, I can confirm I am also a holder in MNM. Again holding with an average entry price of 12 cents. My take on this ?? Less confident than Axiom, particularly now Bob Baraket has resigned from the Chair and I believe Ryan is no longer involved ?? That being said I am aware MNM management is conducting a series of roadshows/site visits next week for substantial shareholders to showcase the potential of the mining operations. That being said such events were conducted mid June with no movement in the share price so not looking to top up my holding but will stay the course and hope to hear of some positive news flow in coming weeks.

The who gees on this thread also conveniently forget that the whole small cap sector of the market has been in a bear market for more than 9 months now so it isn't just Axiom that is getting smashed.

I understand through management that if and when mining licence approval is forthcoming there will be no shortage of institutional support for what will be one of the larger nickel plays on the ASX and anyone who has researched nickel will know it has wider applications than just the steel market - let's not forgot how hot the battery market will get over the next few years. Lithium is already firmly in the spotlight, cobalt, graphite and nickel will also become high demand commodities in the new world.

Regardless of all the conjecture anyone putting money into Axiom should have been aware that it is a high risk binary play. Lose everything or multi bagger.

If you want 6% conservative style returns this is not where you should be playing.