The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
RNS Feb 2018, Proses Partnership agreement in Turkey/Iran.
Quote: 'Subject to seeing the necessary funding Proses proposes to design and construct a semi industrial scale processing plant in Turkey and /or Iran.
Hmm!
'subject to the necessary funding'........where have I heard those words before?
'Turkey and or Iran'.............for those of you who don't follow the news, the dicatorship in Turkey is at the point of sending the country down the pan.
Iran, a sponsor of terriorism, American sanctions, etc, etc.
Make your own mind up on the Proses deal, and even if it goes through, it could collapse due to politics.
I was invested in a company looking to work in Turkey, the deal was all sewn up, and at the last minute it tanked.
Yes nipknot, there is something the BOD can say to stabilise the situation, and that is that they have a plan B for copper Ammleach waiting in the wings in the event of Accudo failing.
So Rosser, I know you are watching my blog, what is your plan B?
Godwilling.......I am holding certainly, and I hope Rosser has played a blinder here with letting the bad news out as late as he possibly could knowing that the positive Lithium news is just around the corner.
The clock's ticking towards June 2019.
Time is a luxury Rosser and Clegg can't afford now.
In June 2019 AXM runs out of money what do they do then?
More dilution of the SP if we are daft enough to buy a new share issue.
So, Clegg and Rosser, I know you are watching this forum, and I would say to you that the next six months are going to be make or brake AXM.
You should seriously consider any offers for AXM before a hostile takeover is accepted by the shareholders and forces you out.
ICL1960, you kinda said more or less what I was just thinking.
I would suggest a hostile takeover bid of say 3p a share, and let the shareholders decide. For most invested that gives a good profit, and the institutions I guess, by now, would like to walk away from AXM and move on to less constipated investments.
I'm up for it , I've already spent two birthdays waiting for the theory to be turned in to substance and I would prefer not to reach my next annual event still invested and waiting and waiting..............
If anyone else is up for the Hostile bid please reply with a thumbs up.
So, we have waited from June 2017 to Sept 2018 just to be told the price of copper is too low?
That does not really make financial sense when the Ammleach process offers a good reduction in the cost of copper production, surely I would have thought that the time was right to do it now rather than wait for the price of copper to rise?
The elastic band broke and the SP is in the brown stuff.....as I was speculating on last week.
This bad news should be followed very shortly by good Lithium results, we certainly don't want another three months of silence.
Yes, I am sure he reads this forum and has reaslised he could not keep the lid on the bad news for much longer.
Rosser's apparent lack of interest in aquiring shares in the past does seem a little odd or unusual and some could say it appears the CEO is not supporting the company?
He knows that the lack of progress information, or no RNS will continue to supress the share price.
The news, when it eventually relieves itself through an RNS is either going to stretch the elastic band to the point where it catapults the SP into giddy heights, not seen before, or, it breaks and we find ourselves in the brown stuff. The longer we are made to wait the latter seems the more likely.
I had faith in AXM to produce the goods.
The faith has been tested by a worrisome silence.
Patience has a limit.
It's now turned into what feels like blind faith, walking in the dark without a Sat Nav.
I am not selling at this moment, but when the time is right i'm gone.
AXM has a fantastic product on paper, but, while I have been invested here, other shares I have followed have done so much better.
Mobuto, have you got the link to that video please?
Cannons, the Oz Lithium processing co has taken their technology and put theory into practice, AXM seem to be incapable of putting any of their theory into practice, patents seem to take precedence over hard evidence of the processes working. Nine years on and there's no pilot plant, let alone a commercially operating plant.
Patents have an annual cost, that's shareholder's money every year!
Come the middle of next year the BOD run out of money, so I hope news comes before then or they will be cap in hand to us again.
I find it difficult to accept that the draggon's tooth share progress on the AXM share chart can follow any kind of cycle pattern, at present, unless the wind affects it?
If the silence continues a few more weeks then I would predict a sub-0.1p SP. At which point there would be buying and the SP would rise. That's a share cycle logic I could 95% guarantee based on greed.
Currently the share price is banging on the floor, kicking it's heels waiting, with the odd hop when someone buys ten shares. A brilliant RNS tomorrow would throw those share predictions out of the window and probably see the SP triple. If that were to be followed a few days later by a further good RNS then the business of prediciting the SP would be very simple, it would be in the ascendancy and in the hands of the MM's wearing running shoes.
I would have said that it would be far easier to predict the share cycle on the FTSE rather than those on the volatile AIM wild west share market platform where we are all at waiting for the multibaggers.
Sorry BIKWIK, your share cycle theory may have some small credence here, but, at this moment I don't think the day traders could use your cycle theory to make a tenner a day.
Straight question, if the share price dropped to 0.08 would you buy?
Thanks ICL1960, tvpete,nipknot, D1inger,highroller,cannon,trillsg,chesh and james the second, for all your opinions, much appreciated.. I joined the BB a few weeks ago because AXM seemed to be like a ship without a rudder or captain and I felt the need to, at the very least, add my voice to the rest of the frustated investers. If Martin is not watching LSE comments then I would question what he is actually doing?<br /> I may have appeared to be very critical of the BOD of AXM, but, having been invested in Glenwick, in late 2016, and, some of you may have been there with me, stuck in share suspension for nine months, not knowing what the hell was going on, and then, Glenwick came back from the ashes, last year with 25% of my orignal substantial investment, and, I was not exactly bouncing around with joy. Needless to say, I am begining to worry about the quality of the directors at AXM and their ability to communicate.<br /><br />
Probably a trick the way this is going.
I will repeat what I asked in an earlier blog, does anyone out there have any information on Martin's background, re other company directorships, CCJ's, any involvement in any other business ventures, sole traderships or Ltd Co's?
Might as well ask while I am twiddling my toes waiting for 'Appropriate' news
I think Rosser is stubbornly sitting on fertiliser with the hope that a scented rose petal RNS will neutralise the stink of bad news.
A garden path which has no signs, of infinity length and the Accudo gardener only knows the word 'appropriate'
The silence is deafening.
Sorry typo ...construed
my false teeth fell out.