Value of share has little to do with the current price run. The value is already there in the early work done on the minesite and funding. Price action now will follow a well trodden path. 50cents is next target, with a possible wobble at 40c...round figures! Now that the price is above the 50 day mov av, it is in quality stocks, which are few at the moment. Perth mint is flat out with production around the clock, so the first bar might be a bit late, but not due to AXM. Apparently the demand for gold bars has left the shelves bare, so as opposed to Xmas retailers, gold bars have a ready market. Rather than wait and watch, now is the time to buy more AXM for the run to 50c.
AXM Price at posting:
33.0¢ Sentiment: Buy Disclosure: Not Held
