I bought and sold AXE on a tip off. Subsequently I have been studying it in more depth and reading the recent posts in this forum. While there is a lot to like, this passage from the AGM confuses me. How does one go from involvement in resources and exploration tenements to making a quantum leap to cutting edge chip technology that has never been done before by the best and brightest in the world. Are we being sold another far fetched THERANOS type story? Would appreciate clarification.
We continued to divest non-core exploration tenements and assets as a means of funding the Advanced Materials Business, and on 2 July 2020 completed the divestment of the Leigh Creek Magnesite Project for $2.8 million. Our exploration tenements are no longer core to our materials technology strategy, and we will continue to sell our mineral exploration projects to fund our Advanced Materials Business.
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