I guess it all depends on your investment horizon. I see AXO as a low risk play with significant upside in the next 12 months. With Macquarie becoming a substantial holder my views have not changed in fact they have been supported.
In real terms ive seen a 35% return on AXO in about 3 months. I have also crystalised some profits around 1.35 as I felt it initially ran a bit hard. However I bought back in again and am happy to hold for the next move forward.
I have spoken to Charles on numerous occasions and he always provide a great picture of the company moving forward.
In these times of quick bucks people can forget that a 30% gain in 3 months is superb. I can assure you that as AXO hits its milestones and secures funding and upgrades its resource over the next 12 months you will surely see a 50 to 100% gain from our current sp. Im very happy with those figures
AXO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
