Advanced Explorations Inc. ADEXF

axi reflections

[terarm]

I've been a shareholder of axi for about a year an a half and so have seen a more or less steady decline in share value in that period. To me it seems the biggest factor in this decline has been the failure to bring XinXing fully on board, that is to say, to have them put some significant cash on the table. It was that promise that catapulted axi to a share price of $1, and it is the failure to deliver on that promise that has brought it back down to a disappointing $.135 today. Are there specified timelines in the axi/xinxing agreements that will eventually dictate the arrival of the often mentioned further funding (such as the $20 million)? Can axi invite other suitors if XinXing is hesitant, and have they been doing that? Meanwhile I think the Tuktu deposits have shown a remarkably consistent grade, and size, and even the possibility of DSO . Any thoughts would be appreciated.

[Shlinker_]

Hello, I apologize for the delay in my response. I am internal legal counsel to Advanced Explorations Inc. and have taken on some of Nadine's (our investor relations specialist's) role while she is on maternity leave. John is currently in China so I will take a stab at answering some of your questions. 1) To clarify, the last NR referred to a holding company structure that is to operate as

[Shlinker_]

Hello, I apologize for the delay in my response. I am internal legal counsel to Advanced Explorations Inc. and have taken on some of Nadine's (our investor relations specialist's) role while she is on maternity leave. John is currently in China so I will take a stab at answering some of your questions. 1) To clarify, the last NR referred to a

[rpdeluca]

Hello Terarm:   I've been a long time holder of AXI as well.  I've stopped posting lately on this board due to the fact that it's basically a waste of time.  I've realized that no matter what you post or try to explain, you will have your bashers and non-believers.  HVAN has been a basher from day 1 and was taken to task on the ADV board by a few posters

[HVAN1]

If the Roche Bay feasibility study, delivered in August, had come in with a $3 billion NPV and $1 billion capex do you really think XinXing would still be twiddling its thumbs 6 months later? Of course not. They would have flown the next day to Toronto sign the JV agreement before another steelmaker snatched it up. * Don't believe the Gingerich delay and confusion tactics about "

[HVAN1]

 "There is a fundamental issue with cost in the LT and capacity.  You have seen how the likes of LIM and Cliffs have been punished dearly for their investments.  Somehow all these other junior iron ore players in the LT are magically going to make it work." * XinXing disagrees. They're putting $10 million into an iron ore project right in the heart of the Labrador