so why does that make AXM a takeover target Debarwa?if AXM is...

so why does that make AXM a takeover target Debarwa?

if AXM is profitable why would they be an easy picking?
also look at DIO, only about 60million shares on issue. They went from what 20 odd cents to 80cents for a takeover and the deal still isn't sealed?

AXM have 600million shares on offer to go from 20c to 80c on a takeover would make them worth about a half of Northgates market cap?

DIO has 2.1million ounces of gold apex has 3.4million ounces and growing, with potentially a 10million ounce deposit at Wiluna.

Northgate isn't that big of a fish, certainly not big enough to simply goble up Apex. Don't be fooled by the current market capitalisation you'd need one of the really big fish to be able to gobble AXM in a hostile bid.

I like your optomism but it won't happen this soon.

Wait 5 years till this is humming and i'm sure management will actually get a boheimeth to gobble us up, it will be friendly and at a premium. Well be talking dollars not cents.


regards
Davo