what i cant figure out is why AXO now has a market cap of $44m, has debt of $7m tops and cash of $10m. So the market is valuing the balla balla resource at $41m.
the Chinalco break fee was $195m!!!! and they didnt get one grain of sand from RIO. $195m right now could have delievered them 600mt of high grade ferrovandaium.
every other iron ore Jr has taken a run but AXO has been going down not up. first it was that the AXOG would bankrupt the company and now there will be something else. i get the feeling that someone wants this price low.
im of the opinion that someone could announce a takeover offer for AXO and the price wouldnt move, in fact someone might even sell it down.
management, if you are reading this, you need to do something, anything to help get the price moving.
looking at the volume it looks like all the people that converted the AXOG have basically finished selling, the problem is that there are very few buyers.
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