anyone who sell their shares at current level will regret very soon that they miss once in life time chance of ten-fold their investment.
share price assessment
worst:
axm keep losing money, and be taken over by others.
with 3 million ounce gold resource,market accepted value is $50*3million=150m, that's equal to sp of 3 cents. it's a very conservative calculation without considering that axm is a gold producer, not a explorer.
(where$50/ounce come from?, it is current level that average bidders are willing to pay for a takeover of gold explorer.it's also been confirmed by AXM's Gidgee project deal with Panoramic resources in feb. 2011.)
- Forums
- ASX - By Stock
- AXM
- Ann: General Update - Wiluna
Ann: General Update - Wiluna , page-2
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)