Domayoil - Well you obviously have a lot of shares and hope riding with AXN, and I apologise for not being a fan of AXM, but I just dont like its management. I sold a good while ago at 13p (and for a reasonable profit) - I am a great believer in buying low and selling high - thats just a solid principle in my view, BUT sometimes I get it horribly wrong, and miss out.... so I merely try to express my opinion.
I am not sure what is causing problems for you with the chart - maybe you are looking at it on a mobile, and I dont know how you cope with such a small screen IF thats the case!
As to the chart currently, it strikes me that the market is none to keen on AXM, and the current low price reflects that concern (there seems a good reason for the lack of confidence, and I dont like fighting the market)
Anyway I hope you do well with AXM, and it can start to deliver, BUT all I can say is it is NOT for me.... and I may well be wrong, of course! Best of luck- AR
Oh dear- looking at the long term chart there is more than a hint of the 'death rattle' about it - You have to wonder, IF AXM cant pull in any significant revenues very soon, how much longer the company can carry on!? Unfortunately this co was launched when the mining boom was up and running, but the current market mood has left it seemingly high and dry - its all very sad! AR
B - very poor performance from AXM, and a great let down for those holding for a recovery!!!! I am afraid that the CEO, in my view, has a strange addiction to hopeful positive guff (see last results!) and is one of the major problems with AXM - I am sorry to say but he is just not to be trusted! And it seems clear the market doesnt trust him either - where are the deals? Its all very sad, so I hope no one has suffered too much by holding this wretched company's stock! AR
Well if there is any way the company can stuff things up it will find it. Notice they gave themselves cheap options before the deal was announced. Barry Palte the big fish at bluemount with interest in disruptive tech....
b99 - hope you didnt throw too much AXM as the SP is inevitably pulling back. The market is very wary of the over hyped stuff AXM regularly pumps out, and it is going to take soemthing pretty convincing to revive the SP like a real deal where AXM is guaranteed to make some money.
I have to say that I skimmed through the 'presentation' and found the page devoted to Mexico so AXM: it is essentially just says we are trying to gain interest in our technology in Mexico - and why wouldnt they! Talk about padding it out.
AXM is a complete gamble and the only way you will 'probably' make a buck is waiting for the next inevitable low (say .1p - note where the point is) and selling any spike. AR
Money should start rolling in and with that confidence from other companies.,
They will then buy into the technology and I have no doubt in Alexander's very rapid growth worldwide..
Read the small print, excellent deals and performance.,
C6 - as you say, it is the story of AXM - hope rises, BUT the deals never get signed. It would be great if the latest rumour had substance, but, given past 'no shows', folks have to accept its is just a gamble until confirmation of a deal. AR
With a very paltry mkt cap of only £750k at ..20p and with deals like the one below being completed all makes for a very positive outlook and rerating.
It's slow going but the system is a world beater with many more deals to come and huge revenue to be had.. Hold and add, this share will be your maker..
Proactive Investors - Run By Investors For Investors
Alexander Mining jumps 40% on technology licencing deal
09:41 23 Feb 2015
Alexander Mining jumps 40% on technology licencing deal
Alexander Miningrh (LON:AXM) shares shot up 40% in early deals as it licensed its proprietary AmmLeach technology to an Australian miner.
Arrangements with Compass Resources could lead to the first commercial adoption of AmmLeach which, according to Alexander Mining, is an environmentally friendly and cost effective metal recovery option.
"We greatly look forward to working closely together with Compass under this transformative agreement, said chief executive Martin Rosser.
Based on the completion of a positive AmmLeach feasibility study and production go-ahead, the project would complement our AmmLeach technology with existing high quality mining assets.
Compass intends to carry out a feasibility study examining the use of AmmLeach at the Browns project in Australias northern territory.
Browns is a mothballed copper, cobalt and nickel operation that operated for four months in 2008 before being closed due to processing problems.
The plant - which was fed by three mining operations was originally designed to annually produce 10,000 tonnes of copper as well as 1,000 tonnes of cobalt and 700 tonnes of nickel.
The licensing deal sees Alexander Mining receive an A$825,000 cash payment and a 2.6% royalty over future production from the mine.
Alexander has also been retained for consultancy services for which it will be paid an initial A$275,000 plus up to A$825,000 during the feasibility and pilot phases, and a possible A$550,000 should the project be advanced to construction and commissioning.
Compass is currently working to finalise a financing facility which would be the first step in a major refinancing and relisting.
Proceeds from the financing will enable the payments to Alexander Mining; as such, completion of the licensing deal is conditional upon Compass completing its proposed financing.
On AIM, Alexander Mining shares gained 0.22p, 40%, in early deals to trade at 0.78p per share.
REGISTER HERE TO BE NOTIFIED OF FUTURE AXM COMPANY ARTICLES
August 23 2012
ALEXANDER MINING SECURES AUSTRALIAN PATENT FOR COBALT LEACHING TECHNOLOGY
May 21 2012
ALEXANDER MINING TO SEEK SHAREHOLDER APPROVAL FOR CAPITAL REORGANISATION
May 17 2012
ALEXANDER MINING SIGNS ROYALTY LICENCE AGREEMENT WITH METALVALUE; SHARES SURGE - UPDATE
May 17 2012
ALEXANDER MINING SIGNS ROYALTY LICENCE AGREEMENT WITH METALVALUE; SHARES SURGE
May 09 2012
ALEXANDER MINING SHARE PRICE DUE FOR RE-RATING IF AMMLEACH TECHNOLOGY PROVEN TO WORK, SAYS BROKER
April 23 2012
ALEXANDER MINING SHARES UP AFTER COPPER/COBALT DEMONSTRATION PLANT ESTABLISHED
March 05 2012
ALEXANDER MINING SECURES PROCESSING TECHNOLOGY PATENT IN DRC
January 12 2012
ALEXANDER MINING SURGES AFTER SECURING PATENT IN AUSTRALIA
November 16 2011
ALEXANDER MINING'S AMMLEACH TECHNOLOGY SELECTED FOR TORLON HILL ZINC-LEAD-SILVER PROJECT
July 07 2011
ALEXANDER MINING APPOINTED BY TIGER RESOURCES TO DESIGN KEY PLANT
HAYWARD TYLER GROUP PLC DE-RISKS THE BALANCE SHEET
March 29 2016
"The transaction should be
Just spotted this post by mannnan on LSE, any thoughts anyone? Any comments over on advfn?
Alexander Mining (LON:AXM) shares shot up 30% in early deals as talk circulated it had signed two commercial agreements for its AmmLeach technology to an Australian miner and an unamed miner in Johannesburg using bulk ore samples from the Democratic Republic of Congo.
The AmmLeach cobalt/copper process is simpler and requires fewer unit processes to produce cobalt and copper metal cathode, resulting in significantly reduced capital and operating costs compared to the conventional process.
The share price of Alexander Mining (LON:AXM) should see a significant re-rating in the short to medium term.
Analyst Duncan Hughes said the group has had a busy 12 months as they have continued the development of their AmmLeach technology, expanding their scope to test the technology on a number of new ore types.
That that has taught me a lesson! AIM is volatile by its own nature, but this share is nothing less than ridiculous. I took a punt and lost out severely, but are man enough to own up to my losses. I am now sticking with 88E, and MTR to recoup the losses, and add much value. Stiff upper lip for the last week. Onwards and upwards from here.
ch6 - sorry AXM has turned out the way it has, but I don't have any particular insight. I just try and hang onto a fair degree of scepticism when it comes to AIM, and when it quacks etc don't try and deny its a duck.
What really did it for me was a conversation I had with Prosser way back, and which I recounted before on this BB. He was so evasive, and when he tried to flatter me I decided I didn't trust him one bit, and sold not long after.
The massive volume looks like someone took the opportunity to sell the 'spike' and reduce losses - all very sad. Hope other stocks go well for you anyway - AR
N2 - in all the years of test plants etc etc AXM has never won a contract to install their brilliant IP.
AXM is little more than a couple of blokes with a bit of paper with a 'magic formula' on, an exciting story, and a vitual office address in W1. The magic formula only goes as far as paying their handsome salaries, and thats where it ends - steer well clear, and buy into magic beans as a more reliable investment. AR
Funnily enough. Equates to the salaries of BOD, plus three techies, plus two admin staff. According to the accounts from 2014. Funny that innit. Except it is not. Rosser £191.000, for doing dick. AR was right, all those years ago.
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