Pirra, I like your thoughts on the prospects for AXY.However,...

Pirra, I like your thoughts on the prospects for AXY.

However, The company did a massive 1:1 rights issue earlier this year at 1.5c which gave all long suffering shareholders a chance to average down in a big way. Why would they do that again so soon?

I think they have gone the route of a cap raising to get some new blood (New shareholders) into the picture and particularly some insto support. Which I agree with, now that we have a solid story to sell.

But stay tuned, I think they will probably do an SPP for shareholders as management have always looked after there flock.