Many of you have been expressing extreme disappointment in this stock for some time.
The reality is that you need to have a look at the other minor miners and you will find the majority are travelling no better or worse than this one!
If you think axm has the goods then eventually the market will prevail- but imo that is unlikely to happen solidly for a while! (We may have some spurts and falls on the way through more than likely)
But the really interesting thing about AXM, is this:
Since the beginning of May some 57% of this stock has turned over. (Iss cap 603m - t'over May 157m,(26%) June 117m (19%)thus far July 72m (12%)The only notices provided so far show Creasy has purchased 30m (5%) amd Baker 17m (2.8%)So other than these two, some 300m (almost 50%) of the stock has changed hands and no signif shareholder notices have been provided. How can this be? I know some contributors talk about churn - but this is massive churn if it is designed to keep sp down!
What chance someone is accumulating a massive stake and if so, how long before they are obliged to report?
AXM Price at posting:
13.8¢ Sentiment: LT Buy Disclosure: Held
