cash costs $750 and falling, page-20

I have bought another parcel at 16.5 following the cash costs announcement.

Clearly, there was a lot of fear hanging over this share (and quite a lot of down ramping on this thread also).

As we all know, the ramp up phase is a risky time for any company, as cash gets burned before getting into a cash-flow positive situation.

And today's announcements pre-warns of higher once-off costs in the quarterly already been.

But the important thing for investors is that cash costs have fallen to a level at which the company will be cash-flow positive going forward.

Despite gold being a little down of late, this announcement should remove that fear that was overhanging the share, and de-risks an investment in AXM.

Y