AVQ 0.00% 2.5¢ axiom mining limited

rights issue, page-7

  1. 16,819 Posts.
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    This is probably a dumb question ,but why would you pay up for them at 2 when a really bad day on the market would see them in the 1.8 area ,able to buy as many as you want.

    Sorry ,I'm a practical fellow at heart,I don't see any value in the issue ,but people are so hoodwinked by the story they're happy to pay at or above market for an issue .

    Doesn't stack up to me .

    Likewise with Sniper's story ,look I'm not doubting for a minute anything he believes and certainly admire his diligence and generosity with the feedback ,but sometimes you're so close to something you don't see it objectively.

    If you believed Sniper there's no possibility of the company missing out here and personally I doubt that that's the case.

    I've got a few shares here ,I'm certainly not expecting a ball burster ,I'm just hoping the company gets itself into a position to cut a reasonable deal
 
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