production on target now, page-70

" The world gold price is about to go through the roof. Get ready for the ride of a lifetime."


MightyM,
that statement does excite me, its why i've held on to a long term position in AXM for soo long now (and have been building stakes in other gold juniors), its why these hiccups have all been overshadowed in my view from the potential to ride this wave when it comes, BUT, and this is now a big BUT, AXM need to sort this out within a very short timeframe, we can deal with 84% recovery in the short term so long as we are still producing and selling 10k ounces per month and so long as costs are kept below 650AUD imo.

The way i read that last report was that they had a cap on things, there were plenty of issues but they seemed to be confident and working them out, this capital raising has thrown a spanner from left field.

The window is closing, it has been closing for an extra 6months now, I hate to say it but we should have been close to the position that AVO is now in looking for aquisitions, and i still believe AXM potential is bigger than AVO, but that potential needs to be realised very soon. The best ann we can get is that this ann is for an aquisition but i sincerely doubt it, the second best is that it is to ramp up production to 200k + but i am not certain that will be the case either.

i prefer not to speculate anymore on what it could be and will wait to see what it actually is

regards
Davo