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WA news? I'm begining to question which year cleggs thinking of?
Bearing in mind that there was less on the boil when the SP went to 4p, with a farm out now on the horizon, an oil show on it's own should make it 8p and followed by the farm out peaking at 12p.
88e has an enormous number of posts every day, so many want this huge prospect to bear fruit.
Compare this with AXM which I came out of a few weeks ago, you are lucky to see half a dozen posts where most investors have their backsides in their hands, and the RNS's are once in a blue moon entirely due to a very poor BOD.
AXM run out of money in June, that's four months away. If the share price is no where near 0.15p by then AXM is stuffed and so are we, they will never get anyone to buy more shares.
Yes, loads of intellectual property and patents, but the BOD has never commercialised anything after 9 long years.
Every new venture the BOD come up with takes twice or three times longer than what they promise.
By the time they get a Lithium miner interested, Hydrogen powered vehicles, Graphine batteries and sodium cells will have taken over.
They have never delivered news early, in fact RNS's are few and far between, there is very little to reassure any investor that this company will stay afloat beyond mid year.
The accudo situation last year was an absolute farce and it was an example of chosing a copper miner who was never really interested in the AXM processes.
The Nomad appointment was taken right to the wire and wrecked the share price.
This has become a blind faith share.......... wait long enough and it will come good.....sorry I won't live that long.
While we are waiting years for something to happen here,
Can I have some of that stuff you've been taking?
Simple question, if we got an early gusher in the first quarter, so a revenue stream starts to flow and we would no longer be reliant on IPO to pay for continued drilling, might the farm outs be taken off the table?
As usual LSE are the last to post such important news, only just seen the RNS from other postings.
Ok, so Rosser's neck has been saved with the Nomad appointed at the 11th hour, but, we are still waiting for any kind of good news, and waiting, and waiting................
If no Nomad appointment by 3pm, just watch the sells!
Loads of buys and the SP drops 11.54%
Speculation on blind faith.
Rosser is struggling to find a Nomad which is prepared to take on AXM which has little or no funds no and a share price tanking.
Losing the Nomad was a bit of an unfair slap in the face for a share which desparately needs any kind of good news at present.
There are some good buys today so someone feels confident.
Well Snowman, yes I see your point, but so much time goes by and money props this BOD up. That 3 months, as we both know can streatch to 4, 5 or 6 months, at which point they run out of money. What happens then if the investors don't have an appetite for more of their shares?
AXM really needs a partner with financial muscle so that instead of running the show on dental floss, it can invest in a much quicker R&D programme, still involving Wardell, start work on a commercial size pilot plant and get on commercialising the patents.
Time is not on their side, after nine years is this all we have to show for the shareholder's money spent?
The BOD will run out of money in June, they will have to offer 20 shares for 1 to get any interest.
Rosser and clegg deserve a hostile takeover bid and us, the shareholders, decide.
This is the Calm before the storm.
It's tranquil, a state of Quiescence prevails, time for reflection, and a little Yoga.
I'm contemplating my navel, and I see there's still a little bit of fluff there from last year, so, I am human.
We have come so far, with so much blind faith, the waiting has been agonising, and my athlete's foot keeps coming back!
I think the ugly sisters Rosser and Clegg are scheming to make sure we are all going to the ball with Prince Charming and a 10 bagger in our pockets before Christmas!
So, forget the Turkish coffee, Turkish baths, skin scrapings, and digestive, suggestive, dunking biscuits, and have faith.
It's Christmas soon, everything is coming together, lots of festivities, and children's Nativities and 'Love is in the air'
Get in the Mood, AXM is going to come good , think lucky and you'll be lucky.
So that's why it tastes like bat droppings.
You can't beat cooking by gas, no premature ejac's.
Frankly, everything is overdue, never known anything promised by Rosser to be on time.
I can't see that the loss of a Nomad here is anything to do with AXM activities, it's just a blip coming at an unfortunate time when many investers feel they have waited far too long for any kind of positive news and the RNS has set off the hair trigger for some.
If the shares continue to be traded in, as they are, I don't see why RNS's should not be posted?
Snowman100....your theory is the first bit of sound and thought through logic I have read on here since I started investing AXM two years ago, well done, even if you are not right.
Certainly would explain why Rosser and clegg are keeping quiet, and I hope while they have been waiting they have lined up several hot potential customers ready to commercialise the patents.