ANX 0.00% 3.6¢ anax metals limited

Ann: WML: Auger Results from Mt Short JV, page-20

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    I agree copper sentiment is very positive, with EV and AI copper demand likely to outstrip supply so the probability of this project getting funded in the near term is rising. With all the directors and insiders getting stock at 2C plus options recently, a cynic might think that the timing is about right for this announcement after years of hanging around. Disillusioned holders have pressed it down to where it’s just barely discounting a go ahead which has drawn me in.

    I'm a few months into the stock, thus on a loss, but have averaged down heavily at 1.8c. I missed out on the placement, but figured at 1.8c it’s just an option in itself and an 8:1 bet. If I’m right it’s an 8 bagger plus, if not, it will either fizzle out or change hands. Classic mining spec. Win some lose more times, but the ones that win can make a lot (My first BGL were picked up at 5 cents).

 
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