The board is probably too busy up at the smelter to update the market...you know, filling their suitcases up with gold bullion ready for the big dash to Spain....they're too busy buffing the red dust off their business shoes before they hit the departure lounge ;)
Seriously though, this stock is just going to keep sliding until they release some positive news regarding smooth operations and a modicum of profit. I thought there was a bit of positive news in the last quarterly regarding reducing cash costs of production. Next quarterly will be crucial I reckon; if they haven't continued to improve in that area I reckon it's curtain time.
The complete lack of candidness from the co is spooking everyone too, when was the last time they told us anything? What, the results of the Golden Age survey Mark? Now tell us how you're going to use it to make the company profitable....that's all anyone cares about. We all know you've got gold, can you sell it for more than it takes you to mine it is the question we all want answered.
AXM Price at posting:
1.9¢ Sentiment: None Disclosure: Held
