really difficult to know. I don't think ABN have the inside. Investment banks and their research departments are heavily regulated (albeit not that well in Aus) so they shouldn't be offering recommendations when there is something at stake. there's no doubt this company has the resource in the ground but the share price will depend on the economy... as with all resource stocks at the moment. Don't expect the 10 baggers of 2007 is my advice. Be happy with 10 - 20% gains. get out when in front and get on another one. it's going to be a long road for AXO back to $1.
AXO Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
