RE: Forbes & Manhatten...... (This is boring and offtopic so skip if you only care about AXI.)
I've never praised any of these companies (haven't heard of half of them). F&M was useful for ADV because it helped it raise some cash initially and sign up former management from CLM. But when the Hebei deal was signed in China, Stan Bharti was nowhere in sight. Only Morabito, Brian Dalton from Altius, and Christopher Noel Dunn from Liberty, were on the dais. They closed the deal.
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Most venture exchange plays, including the ones backed by F&M, fail. ADV has defied the odds--they've graduated from the venture exchange and now have a listing on the New York Stock Exchange. The $400 million dollar deal with Hebei ensures that the project will become a mine. It doesn't matter what you think of F&M or ADV's recent performance. They've got the cash, the dream team of management and the ideal location. Game over, this will be the next major iron ore mine in Canada.