AXT 0.00% 1.4¢ argo exploration limited

$ high grade copper/gold drilling starts now!, page-27

  1. 67 Posts.
    It's not a foregone conclusion that AXT will need to raise cash in a few months.

    If the Pantheon Resources investment spikes up nicely on drilling success, I wouldn't be surprised to see AXT selling part of its takedown and repatriate the original cash, leaving the rest to be traded away at a later stage. Besides, here is a company that went into hibernation mode to preserve cash when the GFC kicked in. Granted, while it more desireable to raise cash at a higher level, the current burn rate and history of the way AXT management goes about things suggests that a cash-raising is not necessarily imminent.

 
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Currently unlisted public company.

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