ggi don't worry about interest, but the principal. According to...

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i don't worry about interest, but the principal. According to JB's analysis, the iron ore lower than 65% Fe would be stress in price next year.

I also worry about the possible tumble of iron ore price next year. The banks and fund managers also worry about a mid-term down side of spot price. Although AXO may still make profit, it would be lower than forecast.

According to my experience, it is nearly impossible the chart 9 days RSI dropped to 4.5 . It implies a possible failure of production.

The Russian take CFE is such a trap.CFE shareholders became victims of the big guys in their casino.

From 1999 - 2000, there were many takeover of TMT stocks. The difference is that we are resource sector rather than TMT. Therefore possible takeover is not worth to value a company.

However, you guys should confirm the management why ML doesn't announce change of the shareholdings. Besides, the shares were given on 25 AUG, why doesn't any substantial shareholder announcement for reducing stock?

The management should be questioned about

1) ALWAYS POSTPONED ANNOUNCEMENT OF UPGRADE RESOURSE OR RESOURCE WHICH THEY PROMISED IN PRESENTATIONS and were given date
2) ML , AS THE MAJOR ADVISOR, PLAYING THE SHORTSELLING GAME IN ORDER TO A PRICE CRASH or any reason else. IT IS CONFLICT OF INTEREST. The management did not know? Being a responsible management, every week they should check the registry to protect the existing smaller investors and the investment funds.
3) THERE IS NOBODY ANNOUNCE REDUCE OF SHAREHOLDINGS.
Does the director lie?
4) IF THE MANAGEMENT REALLY TELL JONESY99 THAT SELLING 4-49% PROJECT OR BANKS VISIT TO THE SITE ON 23 SEPT WITHOUT FORMAL ANNOUNCEMENT, IT COULD BE INSIDER TRADING if it comes true?
5) THE CHINESE SHAREHOLDER INCREASE HIS SHAREHOLDING BUT REPORT 2 MONTHS later. THEN THE PRICE DROP. IT SEEMS INCREASE OF SHAREHOLDING FROM CHINESE IS AN EXCUSE TO SELL BY SOME GUYS WHO deliberated selling for a good news which they knew before announcement. Why did the management does not know if they frequently checking registry. At least once a month!
6) Whenever there was "good news", price drop. Is it really normal. It seems insider tradings there!!!
7) The 650 m tonnes news should be announced upon finish of the lab job rather than an expected date which cannot control by the management. Please check the selling orders on 1 July (the announcement date) from ASX. Who are the sellers. Are they related parties of the Mgt or ML?

To conclude, we are all in trap. There is no party to takeover or buying project. Let see what happen next week, 23th and when will the management announce increase of resource.

Anyone has the record of the message from the management conversation? It should be presented in Court when the management announce the project will not go ahead.

Of course, I don't want this happen since I and my friends are holding huge quantity of stocks. If anything goes wrong or misleading from the management, we would put it in legal action.

In fact, all AXO investors (non-related parties) must be very angry with the "uncapable" management if they cannot finalise the funding on track as they promised. They must be kicked out in next AGM.