I don't hold but am watching for an entry and interested in developments. This extract from thier latest report may indicate a reason for redundancies. ie completion of open pit mining and lower costs.
'The East Pit open pit is nearing completion and 223,000 tonnes of 3.4g/t open pit ore was stockpiled at quarter’s end, containing 24,000oz of gold available for processing. On completion of open pit mining at the end of April the company will have the benefit of these ore stocks but will no longer be incurring open pit mining costs'
AXM Price at posting:
21.0¢ Sentiment: None Disclosure: Not Held
