rights issue... to do or not, page-15

Hi to all the long suffering AXY holders

I too believe something is brewing at the head office. they are sitting on 6 Bricks in the bank, which in this environment means they have the ability to look at cash strapped peers with good assets and pick them up for a steal. what a great position to be in!!!

With the uranium price bottoming out at $40/lb and now bouncing back to $51/lb currently, we could be looking at the next uranium price run IMO.

Hopefully the new board won't sit on the cash instead use the cash to acquire some quality assets before the Uranium price runs any harder.

This could be the last time we see the AXY share price trading at cash backing. needless to say i took up my rights i just wish i could get more at that price! but i'll just have to settle for buying on market and hopefully my long suffering will come to an end!

Go AXY GO