Axiom did a lot of share dilution from the O/S of 200M after the 15 to 1 R/S from the initial 3B shares to currently 340M, and it still counting given......
So 140M shares at an average of 20c, means around $28M CR from dilution. I think they would need to raise another $10M for this year for only BAU operation cost so I think another 100M shares at 10c so the O/S will increase to 440M and that is with them still haven't gone into production and needing still $20M USD start-up capital.....lucky they aren't trying to build a $500M to $1B infrastructure to produce nickel concentrate.
But I agree on WG, if it was that good they wouldn't have halted exploration on that tenement.....
AVQ Price at posting:
15.5¢ Sentiment: Sell Disclosure: Not Held
