a long wait?!

Hi fellow investors,

Just a quick note for AXM holders:

Since the additional shares started trading (circa: 2.3b) there has been circa 443m shares traded to date. This is an approximate period of 23 days (including weekends) and equates to approximately 16% of shares traded on a percentage of the new share issue. At this rate it is feasible that the sell off will take approximately another 3.5 months to complete (assuming that current volumes hold true), which takes us through to early Q2 next year.

Naturally this excludes any possibility of: resource upgrades, management improvements in operation, gold price, corporate activity, etc. However, should some of the above mentioned elements (especially on the operational side) fall into place then we may expect share appreciation post rights sell off from these depressed levels.

Just one perspective. Time will tell. This is not to be regarded as financial advice in any form whatsoever and simply represents my own perspective. DYOR.

Cheers,
Oneil