finance

Well, I said I wasn't going to post again until AXO got finance. If you put any store in what resources analyst, Tim Treadgold says, (I do) then it's not going to happen.

IF YOU'RE A GOLD MINE AND IN PRODUCTION AND YOUR COSTS AREN'T TOO HIGH, YOU'LL PROBABLY DO VERY WELL BECAUSE THE GOLD PRICE IS LOOKING PRETTY HEALTHY. IF, HOWEVER, YOU'RE ANYONE TRYING TO DEVELOP A NEW MINE AND YOU HAVEN'T YET GOT THE MONEY IN PLACE YOU ARE IN DEEP TROUBLE. YOU WON'T BE ABLE TO RAISE THE MONEY FROM THE STOCK MARKET WHICH HAS FALLEN VERY FLAT AND YOU WON'T BE ABLE GET ANY DEBT FROM BANKS BECAUSE BANKS HAVE STOPPED LENDING." ABC NEWS