GG,Thanks for your advice re funding. I was aware of that. If...

GG,

Thanks for your advice re funding. I was aware of that. If you wish to genuinely 'replicate' the GBG deal, then I'm sure you are aware that Ansteel got $39.5M in equity of GBG at a DISCOUNT to the prevailing market price not long before that. What would $39.5M at a discount to <27c do to the AXO share base? It would essentially double the equity, and that is even before the big funding/equity deal gets done.

The questions I raised in the previous post remain valid in my eyes, but you chose not to address them. So be it. But I consider the questions relevant for equity holders. Maybe other readers will consider them, even if it is to just dismiss them as dribble from an uninformed person.

Anyway, just because a deal happened for one company does not mean the exact same type of deal will happen for another. As I read it, we both agree on the general framework of how this is likely to happen (assuming it happens), we are just arguing over the amount of shareholder dilution that will occur in the process. I invited people to change the numbers in my posts as they saw fit. As I see it, we are just using different numbers!

So let's get to the nub of where our discussion has taken us. All up, once AXO has successfully got all the money it needs to start building and operating the plant, how many AXO shares do you think will be on issue? Based on post 4732720, you seem to be at ~600M. Correct me if I'm wrong. I will say higher than that, particularly if potential additional dilution from any 'new' convertible notes as part of any deal are taken into consideration.

One last thing. As I've disclosed I hold AXOG only. So frankly I don't have an active interest in what happens to the equity base, only what happens to the company. My research has focussed on what I will get if AXO does not get a deal up, or does get a deal up. Simple as that. If they don't get a deal up, I'm very comfortable with the idea I'll be paid out in full. The profit I make just from that will be enough to keep the missus (and the ATO) well happy. If they get a deal up before June 30 next year, I become interested in the raising price as it dictates if I get an added benefit to holding AXOG. That potential benefit has been discussed previously, early on in the 'AXOF' thread (yeah, can't type, I know). Even at your mooted 75c I will be rubbing my hands with glee. 70c or anywhere below would be best for me. It would possibly see me up to triple my profit-depends on the price of the notes they issue at the same time, assuming they do so. Maybe that is why, as I think you previously observed, someone keeps snapping up the notes.

Have a nice day.

I hold AXOG only.