RE: News Well Overdue24 Jul 2018 20:38
you are correct about matters being in control of clients of AXM rather than them. Still BOD of AXM can manage situations better. PR is an important management tool and regular updates are extremely important. The more they update shareholders on various plans, the more the interest and transparency. Good management does not leave shareholders guessing. These incompetent BOD members have a habit of being paid from extortionist/dilutive placings for their wages at the expense of shareholders. It no wonder they have extremely weak legs to stand on. If the BOD were strong ,and their vision and actions transparent , many shareholders here will invest more. This a tech company in a perfect place and economic environment. the only people making a mess of it is the BOD . patience is required but more importantly good governance is an imperative. Rosser and Clegg are full of excuses.
As far Accudo is concerned, the balance of power is with AXM. they are the ones exposed with their investment. If I was AXM, I would give notice to them to perform within certain time limits or their licence terminated. I will then proceed to complete the deal myself. You can mortgage the mine and mine and raise some cash as down payment at a huge premium from todays share price as punters will 100% back up tech exposure with own producing mine and plant. But our biscuit dunking BOD cant think outside the box. a small scale plant is not very expensive and indeed that is a plan as per recent RNS. get on with it BOD.