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AVQ axiom mining limited

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8horse

34,472 Posts.

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01/04/16

22:29

Post #: 17405422
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Originally posted by jazzmox ↑

Which mining speccie, once they goes into receivership, can pay back any secured creditor? it's basically cash in the bank and that's it.

At that stage all their assets are worth very little, a few hundred grand tops.

Incor would be hoping they can get back 40c to 50c in the dollar.

If they really wanted to show support why not convert at 37 cents and escrow for 12 months?

90 days is not a long time, they can sell their shares then. And they also get loyalty options hence they did the deal now.

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Do you reckon AVQ is going into receivership over next two years?
That is the best Assessment I've ever seen.
Good luck.

AVQ Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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Bargain ?, page-95

Top Stories

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Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

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Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

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Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

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