history repeating?, page-19

Misleading announcments - For a start the geotechnical issues were 'hidden' from the market. At the same time the poz cash costs were being forecast at $751. Management has never, as as I can determine, ever come close to achieving forecasts. Seems that the forecasts are being used to mainatin the sp before mining shareholders of additional funds.

All that aside, my main issue is that any upside will be heavily diluted. Best case that I could ever see for AXM is 8cps, which I believe is unlikely. I do not believe that they will make it. Most probably it may(??) spike to 6cps at the most. More likely that it will be worth zero within about 18 months

Its worth about 2cps as a spec play for those so inclined. Point is, why bother when there are lower risk plays with much less attached risk. AXM at 4cps is not cheap.