reading between the lines

Kevi,

you might be right in the short term, however do you really think that RockCheck and Chengde will not stump up the cash to get this project off the ground?

We are in the middle of a commodities boom where Chinese are desperate to secure supply. These 2 companies and probably others want AXO's ore because of the Vanadium. They are effecticely getting a reduced price for the iron ore because of the Vanadium content.

While in the short term (1-2 months) nothing might happen i have a suspicion that we are close to seeing something occur. Just like CFE did, AXO will also hook up with more Chinese companies to help get this project off the ground.

When this happens the price will double, ie like Brockman. However, it will be more pronounced with this stock because most of the stock is tighly held by insto's, sophisticated investors and directors. So you are going to see a massive squeeze in the price.

Dont be surprised to see a positive announcement re the finance and capital raising and see the match price at $2 because the only people who will even sell at those levels are the speculators and i think most of the speculators are out of this stock now.

As they move closer to production over the next 2 yrs you will then see all the bigger insto's coming in, just like what happened to MGX, MMX and FMG. I wouldnt be surprised to see AXO also announce another off take agreement so that they can produce 10mtpa sooner rather than later.

So the dilema is if i sell i wont be able to get back in at a reasonable price. CitiBank did the financing for FMG and their debt is sought after in this market, i would also think that CitiBank would be trying to hook up with AXO as well.