sincerely appreciated shane,those were my thoughts, after...

sincerely appreciated shane,

those were my thoughts, after reading the d&d presentation and the previous report over and over and knowing these guys well and truly have their credentials on the line i didn't expect anything 'major' or catastrophic was going on behind the scenes, i do believe they have had some problems, but thats not unexpected and i do believe they are working through them.


an ann would most certainly be timely and warranted, its obviously not just us lot on HC hearing rumours, brokers are hearing them aswell. Its easy for these things to gather legs when the market knows there has been start up problems and the mine has to some extent a 'history' but when you really look at what AXM are doing and how they are doing it i don't believe any other past owner of Wiluna has ever done it better, or infact properly.
That said though the SP is declining and some people are jumping, that needs to be stemmed.


I also continually look to the fact that BakerSteel are sticking in, sure they are making a motza elsewhere and AXM probably doesn't even make a ripple in their balance sheet however if it was dire straits i'm sure they would have bailed. And then Creasy, similar scenario, keeps pumping in cash and MA has a motza riding on this aswell.


hope we get an ann, and hope it clears the air.
regards
Davo