axog buyback

It seems to me that there are a lot of posters worried about this potential "debt". If this is affecting the shareprice, then it would be prudent for the company to buy back the axog to eliminate the debt at a fraction of the price that would be payable in June 2010. Currently the axog share could be bought back for under $10m for which they have cash in the ban. The added advantage is that it would push the AXO share price up, at which time equity could be raised more cheaply. If things keep going the way they are, then in 6months the AXOG shares may be able to be bought for less than $5m