I can't see any redundancies coming so long as AXM stays afloat. Apex have been struggling to keep people. More and opportunities are opening up in the mining sector so employees are seeking security, a change or just a bit more money.
High Aussie gold price could be the thing to get these guys cash flow positive. Once positive cash flow has been established we should see a SP turn around. Until then this is a high risk volatile trading stock.
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