trading halt, page-3

Clean up my room, found Jan Iusse of SmartInvestor, recommend AXO at 90c, and check AXO SP, 90c, no move for 6+months!

But a few small details do generate my interests in this stock.

1. AXO change itself from vanadium produce, head to head against PMA to a specialised iron ore producer, that is 15 years 3mt titanomagneite iron ore concentrate, priced at Hamersley Preminum Fine Ore, wich is US$82/t for this year. Iron is hot recently. $240m/yr should be nice.

2. According to my connection, the deal is a steal for the Chinese Chengde group, which is only one of a very few company that can use it as feedstock. Because the 1% vanadium contained in the upgraded ore (60% Fe). Chengde can extract it as by product. Vanadium worth US$8/lb, The ore contained US$172/t by-products!

3. Since Chengde has good such a great deal, the decide not to find the project to produce the concentrate because of difficulty to move money out of China. I think it is BS. China want to see their US$ to be converted to AUS$ and deposit on to minerals in Australia.

4. AXO starts to deal with another Chinese Company "The Company", I cannot tell it here since it is confidential information. But give you a hint: It has purachse a majority of a uranium project in Australia.

5. The trading halt is possiblly related to two things:
a. Could be the release of BFS/PFS, and
b. Fund raising through placement, or have found a sugar daddy.

The impact of BFS/PFS could be either way. But if it is related to finance, could be great news.


Good luck, holders.