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Ann: Appendix 4C, page-20

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Gareth

3,230 Posts.

182

01/02/18

15:47

Post #: 30743551
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Originally posted by Flying Gurnard ↑

Ive been a holder for over a year, buying and selling on share price volatility. I exited my position partly on release of 4C and finished today. I wouldnt draw to much comfort from the $22M cash and cash equivalents comments as a good proportion of that is financed via the 15M loan (as previously pointed out by another poster). I think a loan at this stage of the development is quite risky really. They can also draw another 5M etc. The cash burn is high and so we are likely looking at 20M debt by end of this CY even with greater sales reducing burn. I have been around the markets long enough that for an early stage commercialiser like AXP if there is even a whiff of a cap raise the probability is almost certain. So I think it will trade cum cap raise which will cap the price. I'm going to watch from the sidelines for the next quarter +

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Yes I wonder if that might be better. Not expecting much news until next quarter results and SP excepting to drift (usually down). Like now?

AXP Price at posting: 62.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $5.824M

Open	High	Low	Value	Volume
0.1¢	0.1¢	0.1¢	$20	20K

Buyers (Bids)

No.	Vol.	Price($)
20	84476211	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	101058948	56

View Market Depth

No.	Vol.	Price($)
20	84476211	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	101058948	56
0.003	19703305	19
0.004	9654247	10
0.005	2401679	14
0.006	5243095	7

Last trade - 10.20am 21/10/2024 (20 minute delay)

AXP (ASX) Chart

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