In the interest of good order...their response to the ASX was...

OriginallypostedbyIo

TraxysaredoingtheirDDonSanJorgeatthemoment.TheyknowtheirbusinessandtheywillwanttoseeaJORCResourceforSanJorge.AVQsaidtheycannotdoaJORCResourceuntil"investorsentimentimproves"orsomethinglikethat.However,ifAVQdonotcompleteaJORCresourceforSanJorgeIverymuchdoubtthatTraxyswillproceed.TheresourceisneededsoTraxyscandeterminehowmuchoretheywillbesuppliedwithandforhowlong.SomaybeAVQdohavearesourcewhichtheyhavenotyetannouncedtothemarketandthentheansweriswhynot.Itisnearly2yearssinceAVQsaidtheywouldbeproducingaJORCresourceforSanJorge,buttheystillhavenotdonesnethingASICwillbelookingintoiswhynoJORCresourcebutAVQisproceedingwithfinancingandmining.ThereishugerisknowforAVQ.TheyhaverubbedASIC'snosesinitwiththeirstatementtheyareproceedingfullsteamaheadandtheyhaveTraxy'sdoingDDandapparentlydon'thaveaJORCresource.IfTraxy'spullsoutofthefinancingthentoday'ssharepricewilllookhightowhereitisgoingtoendup.

In the interest of good order...their response to the ASX was "
It remains the Company's intention to prepare and release a JORC Mineral Resource for San Jorge but the timing of it depends on the restoration of investor support for the Project generally and prerequisite financing. As noted above, the Company is currently undertaking grade control drilling over the initial targeted areas for first shipment which will then progressively extend over the entire deposits. At the completion of this further drilling program and assessment by its technical consultants, Axiom anticipates it will likely be in a position to substantiate the release of a JORC Mineral Resource.