Management have continually stated working capital remains tight so why does it come as such a great suprise that they are raising capital ? Problem is most AXM posters only read what they want to (the positive aspects) and not information such as cash being an issue.
They are doing the right thing raising funds now while they have the capacity to do so - the alternative is not very attractive.
All AXM holders should be greatful that they'll have a bit less of something rather than lots of nothing. Gold Mining is very high risk so cash is critical to get through the inevitable issues that pop up along the way.
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