Toss Them a Freebie The theme of the last 2 press releases: AXI management doesn't want to do a thing. Mysterious, unnamed entities will do all the hard lifting for them. For free.
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1) They want put Roche Bay into a new company with an independent management team "with the appropriate skill sets and experience related to the go forward requirements." No word on who is going to pay these executives with experience building an iron ore mine.
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2) They want a company to build them an LNG plant. For free.
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3) They want another company to build them LNG storage and distribution facilities. For free.
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4) They want a shipping company to build them a port. For free.
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To sum up, AXI management is admitting it knows nothing about constructing an iron ore mine, LNG power plant or storage facility, or port facilities. But somehow other companies with the right expertise will be convinced to do hundreds of millions of dollars worth of work for free. Good luck with that.