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2.5¢ axiom mining limited

The silence from management is unbelievable, page-50

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hot_investor

3,436 Posts.

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24/10/16

12:39

Post #: 20074562
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Originally posted by Io ↑

If management can get the new resource out for San Jorge in early November and its better than expected, then they have a chance of raising the funds they need at a price better than the current share price. We know they are going to need to raise money again this year, so a lot hangs on how the San Jorge resource will be viewed by the market. If its a good strong result then they might get away with a decent price for the raising. If the resource is relatively small and lower grade then the raising is going to be hard. The issue management has is the market knows they have to raise funds so the brokers will push the price down to make sure it gets done at the cheapest price possible.

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This cap raise issue needs to be cleared up , some posters postive we have enough funds , some say not..

They say I whinge alot but lets see if management rattle the tin again , I mean boss must be struglling on 65 thousand dollars a month..

AVQ Price at posting: 18.3¢ Sentiment: Hold Disclosure: Held
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