volume was light today, nothing meaningful in the move higher...

volume was light today, nothing meaningful in the move higher today.

well management only has 2-3 months left to do something. if nothing happens by the end of August its time to sell out and move onto the next investment.

the crickets in the boardroom is a good one because everyone is either doing a deal, getting finance and raising capital, and so far our friends at AXO havent done much.

i would like to see something by the end of this month, even if they saying the chinese wont fund it, at least we can then all get out and think about what could have been.

seriously though, if they cant do anything how shot will the reputation of management be? they will be kicked out of their positions at the next AGM for sure.

where is our chinese friend? havent heard much from him.

i would still like to know who was behind they big buy up in mid June, i keep thinking it was some hedge fund closing their short position because they suspect these guys are actually going to do something, so far nothing but who knows.

the thing that will tip us off will be an big increase in volume over a few days, if that happens hold on for all your worth because if its good news the price will take off, if its bad every man and his dog will be selling, including me.

well if they were negotiating they should tell the market they are, at least that would support the price.

as for the chinese being tought, well they got the RIO deal wrong and it looks like they stuffed up the deal for the benchmark pricing as well, so i dont think they run a hard deal, i just think they rate themselves more highly than they really are.