By refering the final price of $5mil for the sale of Youanmi project to its original price $15mil, if I were the buyer of Wiluna, I'd also expect to pay 1/3 of the original price to get Wiluna. Everyone knows AXM has no cash to keep the business running. This would be the main reason for AXM to accept this ridiculous discount price to sale Youanmi. Net cash flow for this quarter is due to digging on the high grade area but not due to any other costs cut.
AXM Price at posting:
2.0¢ Sentiment: None Disclosure: Held
