AXO aurox resources limited
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You can believe it if there is no deal.It could be 20cents or...

  1. cpg
    3,625 Posts.
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    16/03/09
    19:16
    Post #: 4909536
    You can believe it if there is no deal.

    It could be 20cents or nothing. Remember they notes are unsecured. Which means at any time AXO could get finance and use the mine as security. Then were would the pecking order be if they went belly up.

    Bank loan secured 1st
    AXOG note holders 2nd
    AXO shareholders 3rd

    I think they would be very wise to take 20/30 cents while they still can.

    Not the best investment but its beats nothing. There must be a million and one ways AXOG could get nothing if AXO changed the rules.
    AXO Price at posting: 9.3¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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