AXO aurox resources limited

no one can explain $1b capex in bear mkt

  1. 46 Posts.
    Since no one can explain capex $1 billion in recession. It means the followings will be happened:

    1) NO idiot (banker) will finance AXO since the loan officers/managers cannot explain to their management a billion capex in a recession.

    2) Somebody will be winner because they are sure about no idiot will finance. They just buy time and we are all fool waiting for an AGM!!! No more AGM if there is no action against the management.

    3) AXO should be in a better position than OZ Minerals but there is NO NO NO body interests in AXO. Why. I give you the reason

    a) Rockcheck owns near 20% already. No fool will challenge RC since nobody know how many % they actually hold. They can hold in other names or trust account or BVI accounts.

    b) The interested buyers will never buy AXO because they cannot pursuade their bankers an UNreseasonable capex at $1 billion.

    c) The interested buyers cannot control a POSSIBLE further increase capex to $1.3 billion, $1.4 billion.

    d) If there is a bull market, AXO can increase the capex to $2 billion to avoid any possible finance so the guys can still pay the share trading game by any BS announcement!@

    SORRY I don't know what the guys talking about gundu . I don't know him>>>
 
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