Abaxx Technologies Inc N.ABXX

Alternate Symbol(s): ABXXF

Technology Software - Application

Abaxx Technologies Inc. is a Canada-based financial software and market infrastructure company. The Company is developing and deploying software tools that make communication, trade, and transactions secure. The Company has launched Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically settled benchmark futures contracts in the commodity markets at the center of the energy transition to a low-carbon emissions economy. Its products include Abaxx Verifier, Abaxx Drive, Abaxx Messenger, Abaxx Exchange, Abaxx Clearing and Abaxx Infrastructure. The Company is also focused on building Smarter Markets, which allow tools, benchmarks and technology to drive market-based solutions to challenges, including climate change and the energy transition. The Abaxx Verifier is a secure password, identity and verification application.

NEO:ABXX - Post by User

Abaxx Technologies Inc

Bullboard Posts

Comment by joejoe88on Apr 09, 2008 6:11pm

242 Views

Post# 14955290

RE: ArcelorMittal bids for NMDC mining JV

The incredable part about this release for me was this part

"ArcelorMittal has announced steel plants of 12 million tonne capacity each in Orissa and Jharkhand. According to the steel maker’s latest investor presentation, the company is expecting iron ore allocation for both the projects in 2008. Iron ore requirements for each of the projects would be 600 million tonnes over a 30 year period."

They will need 1.2 billion tons to feed those two steel plants fpr 30 years. And NML has how much? Estimated 9 billion tons . . . . I can't believe this will sit idle while the world including emerging markets India and China expand.

Another examle of the magnatude of this resource. In fact I recall a few years ago giant IOC mined their first billion tons and that was after 50 years in operation.

Folks we may have a downturn in the economy or we may have a ressesion or we may have funding drying up due to sub prime but I can't help think that if one were to buy NML today and not look at it for some years and assuming they never accepted an outright buy-out then in ten years this could well be a 100 stock?????

Those of us that bought and held in that situation would not need to worry about retirement planning.

Bullboard Posts

Paramount Resources signs $3.32 billion asset sale