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23/12/15
12:42
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Originally posted by jazzmox
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More misleading nonsense from invest. All those people mentioned in the article have no idea whatsoever who Axiom is.
"Gunvor sources commodities from more than 100 countries"
Gunvor buys from so many mining companies as long as they can make a profit.
This is an MOU and won't get signed until Gunvor knows AVQ can deliver. At the moment AVQ can't and there is a long way to go.
Gunvor loses nothing and are in full control. Just a punt. If AVQ can deliver then sure and they will buy at a discount and sell at around spot.
Does Gunvor buy from BHP and other mining companies with good projects? Of course not as those companies deal directly with the end user.
Why can't AVQ deal directly with an end user if Isabel is the best nickel project in the world according to the people here? Because no interest
Offtake with commodity trading houses is hardly unique and this is not a good deal for share holders.
Anyway, invest was also super excited about the convertible note agreement and said the sp will surge and form a new base at 40 cents. Seldom right and wrong again.
Pictures, news articles and rallying cries is not research
When invest is excited about an announcement from AVQ it is best to take the opposite view.
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I tend to agree on the last sentence . May be next news would be RM has expressed concern about delaying CoA decision which impacts the production schedule. Even then Invest will be go "wow another great concerned raised by RM. Hats off to you. Soon RM will fight with judge and get the decision over the line. happy times ahead folks" LoL