Legume, I think you should be a bit less biased in your evaluations. All I have indicated is that there is a general feeling in the market that AXM has been operating with minimal profits and high costs through to March/April and as a matter of fact we don't know what the true operating costs at the moment really are. The market is starting to price in a portion of the unknown and hidden costs. If you think this is some conspiracy theory peddled around by a few jokers then your extremely naive at best. Here's a quote from Davo acknowledging this fact also: "I believe costs are controllable and i've basically wiped off the months prior to may as i agree they were wayyy overblown." Now nobody knows whether the costs can become minimised as production increases and economy of scale and efficient techniques are employed but the history of wiluna as a high cost refractory ore body in addition to the delay tactics employed by the company does not instil confidence in the market whatsoever.
AXM Price at posting:
14.2¢ Sentiment: None Disclosure: Not Held
