well have a look at CXM, they have a market cap approaching...

well have a look at CXM, they have a market cap approaching $300m and have 270m shares with a share price of around $0.70. These guys are at least 5yrs away from doing anything, AXO just needs a partner and some cash and they are off.

maybe AXO management should be looking at what CXM management are doing.

if AXO had a market cap of $300m it would be $1.50 right now. if they can manage some sort of deal with the chinese that doesnt dilute us too much we could be looking at a market cap around $400m-$500m as soon as the market digests the deal.

the AGM is going to be interesting, im betting that they will tell everyone a deal of some sort is coming, yes we have heard that before. so they really need to deliver to get some credibility. how long have they got?

when they get finance i will be buying like crazy, if they dont get it or make more excuses maybe the new management team will get the job done because shareholders wont tolerate it anymore. just like the fund managers that have been selling since escrow ended, they said enough is enough.

on the flip side, maybe the price is at these levels because of excess supply issues and when and if something ever happens there might not be any sellers at all left.

just remember, keep the powder dry until something positive happens, if it does buy like crazy, if nothing happens hang in there and wait for a new management team to come in and deliver us to the right chinese investors.