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mcfj

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03/07/15

15:57

Post #: 15577762
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Originally posted by sirjohnnyboy ↑

Because:

- Even in the unlikely event that the court decision goes against us, by all accounts this would send the process back to the tendering stage and would mean a probable delay of several months.

- Axiom have invested a considerable amount and ramped up exploration and production planning in a lawful manner with clear title to the lease. I can not foresee any scenario where they could have the costs of this investment stripped from them.

- The court case was just over four weeks ago, and the AVQ has pulled back a little and trading on comparatively low volume -relative stability.

- I'm sure the learned judges have a very good understanding of SMM's tactical approach to the legal action and no doubt that they will arrive at a just and legally correct decision.

- There appears to be no obvious legal technicality looming (not that they will always be obvious), which augers well.

- The resource just keeps getting bigger, and this provided substance -which means to me that the flood gates should open with a favourable decision.

- I'm prepared to wait until the decision is handed down (and precedent suggests that it is likely to be days or weeks away, not months away), because all things considered, it seems to be a good risk/reward ratio.

I have some more funds that may become available, and they will all go on AVQ if I get the chance.

Cheers all.

SJB

PS Lets not call people idiots.

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I bought 10000 the other day at .37c (I saved a little along with my other purchases). I missed out on .008 (BPC-before pre-consolidation) because I thought .009 was too much to risk! LOL

IMO I would hope an announcement is imminent (Previous High Court decisions have had a similar timeline) and Fuzz may get his 12 month Free Subscription for the 4th July. My next guess is the 5th July at 12! All we can do is wait and have patience, but hurry up!

Nice summary SJB

AVQ Price at posting: 42.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Why I've loaded right up ..., page-2

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