AXM apex minerals nl
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how much cash will they need?

  1. groundswell
    2,527 Posts.
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    03/09/09
    13:00
    Post #: 5592535
    It seems pretty likely that AXM will need a significant cash injection and pretty soon - any guesses on how much - I'd be reckoning at least $10m to $20m (and I'd probably favour the higher end of that range and it could easily be more than that). That will be reasonable dilution at current cap of around $60m - but would at least get the show back on the road.
    AXM Price at posting: 8.1¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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