ANX 4.76% 1.0¢ anax metals limited

Yer.. we are in a tough spot here.. it was always a high risk...

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  1. 1,950 Posts.
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    Yer.. we are in a tough spot here.. it was always a high risk play. I for one I'm certainly feeling nervous about the length of time and lack of communication in regards to funding The project.. we were told partial funding will be granted by Anglo on satisfaction of dfs.. well that was 4 months ago so do we assume they are not interested?
    Even then it is only partial funding not not even a third, what is a plan for the rest of the funding?

    the big problem here is liquidity holders can't get out of this even if they wanted to.. you would have to sell this down to 3/4c if everybody fled for the door..
    and then of course they still have to build a mine.. we have some major infrastructure but there is a heck of a long way to go before we start any sort of production.

    I'm not negative on the company just voicing my concerns currently..

    you never know what's around the corner with these Penny stocks.. they may get full funding and find the countries biggest lithium pegmatites hidden under the dirt there.. you just never know.
    Last edited by deedee33: 20/07/23
 
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