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Cannons, I may have read the vanadium RNS incorrectly but my understanding is that multicom have the right to buy the worldwide licence and Axm are limited to a certain amount of earnings in that agreement. It is very much like the Accudo agreement with the exception that Axm have the licence outwith Australia. That is bye the bye though. The vanadium agreement is similar to the Accudo agreement in that Axm only need recognition that their tech is viable on a commercial scale. That recognition brings customers and possible buyers. What I really liked about the last RNS release was that a possibility of governmental financing was mentioned. There is a favourable environmental friendly element to ammleach, metaleach and hyperleach more suited to government strategy than is currently offered by acid leaching and I think all of us here are in a fortunate position to be in at these currently extremely low prices. There is no reason in my opinion why Axm can't be a multi billion dollar company in a few short years and I will be more than satisfied to be one of those who invested in the potential here before that potential was realised. Best wishes
Drilling next door to PetroChina producing 20k barrels of oil per day, that's oil, not water. As Mr P highlighted, snow leopard and wild horse have recoverable estimates of 380 million barrels. If successful, our current mcap is representative of a profit at 22 cents per barrel. But the current price of oil is over $70 per barrel and a profit of $40 per barrel is more representative than 22 cents per barrel. So are we undervalued or overvalued? Talk here of selling at 20p plus. IMO that is a short sighted strategy but each to their own. Good luck, whatever you decide to do.
As Funky mentioned on Saturday, just one project to prove that Axm have viable tech could make our shares worth a mint. Multicom resources are a genuine company, easily researched. The vanadium joint venture is a definite chance for success. Accudo news has been frustratingly if not deliberately slow. Lithium has potential. Zambia, Turkey and Iran are relatively new and less promising but promising all the same. Axm alluded to benefitting significantly in 2018 and beyond from its technological and market position. I feel we are closer than ever, I think it is just that we have been involved for so long we forget that the news is closer than it was but always seems so far away. It won't take much to push this in to the pennies and I for one am prepared to wait it out. Best wishes folks
According to Mr P's estimates last night, success on snow leopard and wild horse values share price at �3.40 per share. Snow leopard and wild horse have a COS of between 20-25%. So a bet at these levels at 5/1 would return winnings equivelant to 33/1. Not considering COS estimates of between 50-75% estimates on the two appraisal drills in blocks XX. An odds on bet with returns well in excess of even money. No brainier here, in my opinion. Here's to a brilliant summer ahead for us all.
If we are looking at COS and the relative value of investment at this level then we need to look at all 4 drills. First two drills are 20% COS and second two are 50%- 75%. If we turn the percentages into bookmaker odds we have odds of between 5/1 and slightly odds on at 7/10. Let's be conservative and call best case scenario an even money shot. So at these levels if we were to place a bet rather than an investment then at best chance of success we are looking at even money returning a share price of 22p and an outside chance returning a share price of 56p. BUT we are not betting on the COS we are betting on the results of the COS and the results of the COS equate to hundreds of millions of barrels of oil if not billions of barrels of oil which changes the odds significantly in favour of those willing to stake their money on a four drill campaign where the worst case COS is only 5/1 and at best case an odds on shot. That is the reality. No ramping is required. Significantly undervalued here and the market will catch up eventually. All in my opinion blah de blah de blah. Best wishes
I think we have all believed that for a long time. It's just that it's been a looooooooooong time I think we could see significant progress this year with new doors opening in short order. Thanks funky.
Thanks for going and the positive feedback funky. Good to know. Best wishes
Agree entirely highroller. There are far too many outside personnel and companies currently linked to Axm to suggest that this is anything other than a genuine company with a genuine product awaiting adoption. Dr sassine, Dr Welham, Multicom resources and the vanadium project, Proses in Iran, Accudo and Bluemount etc etc. The problem is we are all running out of patience and the lack of decent communications to shareholders is frustrating. I remain positive and hope we are about to turn a corner. Have a nice weekend all.
I still beleive 😄 Still the best board on AIM
Hi Chesh. hope you are well buddy! It's disappointing I know, but there appears to be some unfair representation in the share price compared to the actual trades. Total volume traded today was representative of 0.0017% of total shares in issue, but mm's saw fit to drop the price by 4.17%. I have more shares than were traded today. We are expecting news from all sorts of areas and should be trading at a much higher level than the current one. The ones that set the price are the mm's as you know. Hopefully one day soon will be our day, with multiple "our" days to follow. Have a nice weekend mate. Hope one day, we can all meet up for a pint (feck the biscuits).
I don't know about the rest of you but I've been here for nearly two years and there is no way I am selling when I have waited this long. Too much news and updates expected for me to consider selling and losing out on a spectacular re-rate. I know that it's boring, waiting always is, but I keep imagining the excitement when that one piece of transformational news arrives. It might never come, I've learned to accept that, but I am still waiting and prepared to wait a lot more. This one could be the biggie for all of us or it could be a total flop. I remain optimistic. Best wishes, and does anyone know a biscuit that can be eaten with whisky?....(correct answer is NO!)
Total volume traded today was equivelant to 0.4% of shares in issue but apparently that equates to a representation of 5.66% loss in share price. I have no feckin idea how mm's can establish a price other than how low a shareholder is willing to sell or how high a potential shareholder s willing to buy. But that is bye the bye. The fact is the only thing that will establish the true value here is just one plant using Axm's tech. Whenever that happens and the process is proven to be more effective, efficient and economical in every way to current established processing then can we expect the true value to be released. It may be soon, it may be far away but there appears to be a growing belief among the mining community that it is worth pursuing. Accudo, vanadium, Lithium, Iran/Turkey, Mongolia, Zambia etc all have promise. It just takes one, just one to release the beast!
Hey trillsg. So good I recommended it twice. By the way, that was brilliant research you posted the other night. Tried to post a reply but once again the lse site let us down. Keep it up. Not long now folks.........(hopefully).
Morning ICL :)
Global production of copper in 2015 - 18.7 million tonnes at current prices of $6800 per tonne = $127billion Global production of zinc - 13.3million tonnes at $3241 = $43billion Global production of cobalt - 100 thousand tonnes at $84000 = $8billion Global production of molybdenum - 269 thousand tonnes at $15000= $4.5billion Total value of above 4 metals - $182billion Value to Axm at 3% commission per annum - $5.4billion or equivelant to nearly $3 per share per annum. Vanadium currently valued at $32000 per tonne and Lithium currently valued at $12000 per tonne. Our current mcap is just over $3m. Imagine what happens if we get the breaks we deserve?
https://www.daily-mail.co.zm/is-cobalt-the-next-big-thing-for-zambia
Another great deal for us, this time in the Middle East. We currently have an mcap of �2m. In my opinion that is nowhere near the value of our tech. We are worth much, much more than that but our problem is that we have yet to monetise any deal we have made. I don't think any one would question that we were a billion dollar company if we were monetising on an increasingly global scale but we are not. The reality is we are close, so very close to being recognised as the global leader in an environmentally friendly, cost efficient metallurgical processing system. We could be that company. We are financed all the way through 2018. We have a number of projects due completion and possibly two this year that will be monetising. (Vanadium and Accudo). If we are successful with our Lithium trials and have positive results from vanadium and Accudo, then the floodgates should open. ICL is very conservative in my opinion with his price projection of 1p in 2018, 5p in 2019 and 10p in 2020. If either the Vanadium or Accudo projects bring an income to Axm then we go stratospheric. In my opinion there is no question we will become a company with an mcap in the billions unless we are bought out first. It just depends how long we are all prepared to wait. You guys are great. I hope we are all rewarded for our continued patience. GLA
Nice find stillwaiting. Looks like wti are planning on using the process on a mine in Zambia. Guess who holds a patent in that country..........yep, Axm. Chesh mentioned they use acid leaching on a mine in Namibia, wonder who holds the patent for ammoniacal leaching in that country.......oh it's Axm as well. Time will tell but could be us, it looks like wti are planning a BFS which is expected to be completed in 2019, so we have a little while to wait yet.