It is hard to see how AXO will raise the capital of they must raise equity first...
the last time I spoke to Charlies a few months ago that was the scenario...
thus at 30 cents a share, how can AXO raise $300M in equity?
that would require 1 billion shares, which would destroy the project economics....
HOWEVER THIS PROJECT IS QUITE ADVANCED, WITH APPROVALS, PORT, ETC, THEREFORE MY ONLY POSITIVE GAMBLE AT THE MOMENT IS IT IS A TAKEOVER PROSPECT...
THE CHINESE NEED TO TITANIUM ORE SO THEY MAY MAKE AN OFFER GIVEN THEY WOULD HAVE THE CASH TO DEVELOP IT....
another bargain buy., page-10
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