thanks for the questions Tiger. Ofcourse as we will both...

thanks for the questions Tiger. Ofcourse as we will both probably agree they can be answered a number of ways, all of which can be wrong and all of which can be right, ofourse its all dependant on ones own situation.

below is my initial off teh cuff answers. i encourage all AXM'ers, even you Tige, to post your own answers, either in depth or initial thoughts or both. Let's get some real discussion hapening here.


1- It's an obviously one. Why is AXM sp trading at 23.5c?

I cannot tell you, why is FMG trading sub $3.. we are in a bear market, i believe we need to be careful not to point the blame at one person or group for something that is affected in so many ways. I can say for sure the discounted placement is the reason it dropped to the issue price of 27c. it is a fait acompli imo. perhaps with that drop it triggered stop losses which dragged the SP lower and lower each time. perhaps these Eastern Advisors people and the likes are playing games too. What i can say though is i missed my opportunity to buy so low and had to get some at 25 instead. also vwap today is above 25, and for the last two months is above 31 thus the 23.5 was a low, it quickly bounced off that and i don't believe its a fair indication of the trading price.


2- Who benefits from the sp being kept low?

no-one. not long term anyway, short term perhaps someone is accumulating then ofourse they will benefit. that said i've accumulated on the lows so i also benefit. but i'd still rather see it at 60cents than 20cents.


3- Does AXM board and management always act in the best interests of all shareholders ie timing of announcements and content or lack of announcements and content, selling shares to 'sophisticated investors' at a large discount.

i do not have any reason to believe any different. i think this is where also we look at past history and i can't see a question mark on anyone of our directors over the years. i can see a history of creating massive shareholder wealth. obviously we could say they also had the luck of the right patches of dirt but they certainly play their cards right imo.


4- What stage and level of gold production is AXM at?

unknown. i would be close to the levels as indicated in the forecast of the previous ann.


5- Is the AXM gold business trading? Is it producing product and selling the product?

most certainly. cash is coming in. again see previous ann.


regards
Davo