AXO
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0.00% 73.0¢ aurox resources limited

still 28 million cash, page-4

  1. jtaylor1
    3,890 Posts.
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    13/03/09
    20:51
    Post #: 4902241
    greedygekko

    Appreciate the comments - however, management can't buy back the notes @ 16c because there are no sellers.

    IMO best bet for management is to offer to buy back notes @ say half price and offer options on stock going forward. Would give both the company flexibility with its balance sheet AND give existing SH a (potentially) rasonable return on their investment. Also would mean a gain in the P & L which may (emphaisis on may) appeal to future potential investors.

    Whats your view on that?
    AXO Price at posting: 9.3¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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