Totally agree, some explorers (with no confirmed reserves, small market cap and so on) have currently higher sp than AXM, which operations are in Australia (stable country). I think there is an accumulation going on (today’s 1 buyer transaction was for 500k AXM. Example:
Apex Minerals NL (AXM) (Trading Status: CLOSE) Last Price Today's Change Open 0.225 -0.005 (-2.174%) Company Profile Apex Minerals NL (AXM) is gold exploration and development company with projects located in Western Australia. Medium term target is to produce 500koz Au from Wiluna and satellite deposits. Market Cap ($ Million) 106 Balance Sheet Capital Structure ($ 000s) Total Debt 86 Interest: 634 Long Term Debt 69 (0% of capital) Shareholders Equity 94,970 (100% of capital)
Ampella Mining Limited (AMX) (Trading Status: CLOSE) Last Price Today's Change 0.275 0.005 (1.852%) Company Profile Ampella Mining Limited (AMX) is a mineral explorer with a specific interest in gold and zinc in Burkina Faso, West Africa. Market Cap ($ Million) 20 Balance Sheet Capital Structure ($ 000s) Total Debt 0 Interest: 1 Long Term Debt 0 (0% of capital) Shareholders Equity 3,165 (100% of capital)
Cheers nj
AXM Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
