the more interesting thing i thought was how it highlighted that AGO has done 15 corporate deals since 2004, and that the ML report helped them get to $1b MC.
What are the chances of MMX, MIS, GBG or AGO having a go at AXO? Given management of AXO hold around 10%, RockCheck has another 10% there could be some corporate activity starting up here i recon.
i know i would only want cash for my AXO, even though the others are all ok their prices have run much harder than AXO's so i dont want any expensive script, i want cash.
take CFE, their project is reasonably close to AXO's, so is ARH. so if you think something would happen i would think that either ARH or MCC would try and get all the projects around that area into one JV and then build the one port to share infrastructure.
just a thought but i recon with $70m in cash and a market cap of $200m AXO has a big fat red target painted on it. where else can you get around 1bt of 45% fe with the vanadium for $130m? no where. Please note that MXR doesnt count yet as they have done 16 drill holes, yes 16 thats all.
if i was a cashed up company i would already hold just under 5% of AXO and then try and get another big chunk before i had to file a substantial holder announcement because once the markets knows someone has over 5% of AXO and if they are one of the other up and coming fe miners AXO is going to go through the roof.
if i was management i would be s***ing bricks at the thought of it.
AXO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
