AXO will take the chance to push up the price to $0.70 before the second week of September because they know the bear market phase II rebounding will be ended after the second week of September.
I don't reckon they can get $1 billion finance if they are still dreamakers. too greedy.
Once the market better, the mgt go back to greedy again. Where is the 15% reduction of capex proposal?
It could be lower than $700 milion because when they place the shares they told the market the capex $544 million in July 2007.
G.D. it
AXO Price at posting:
33.5¢ Sentiment: LT Sell Disclosure: Held