minnow to barramundi?

In an announcement released after the market closed yesterday, AXM outlined plans to increase their focus on the Australian mining scene.
Until now most of their scarce resources have gone on new projects in China and they have left it to partners Maximus and Perilya to do the work on their extensive leases. And extensive is an understatement because mining entrepreneur Mark Creasy- a 44% shareholder and their technical adviser- has no doubt pointed them towards some very large and interesting leases.
Current boss, Steven Stone will concentrate in future on the Chinese projects and they have appointed some crash-hot people from Lion Ore and Kagara to develop their Australian prospects.
Eventually they will have $8 million at their disposal, following an issue being handled by Southern Cross Equities.
AXM was suspended from trading when word leaked out that something was in the wind. The sp had gone from 8 cents to 18 cents very quickly before settling back at 14 cents prior to the voluntary suspension.
When they come back on , there could be a great buying opportunity because some recent buyers will be disappointed there was no specific reference to uranium in the annnouncement, Other shareholders will be worried about dilution since the Southern Cross shares will be placed at only 7 cents each. The fact that Creasy is quoted as being supportive of the plans which will dilute his holding from 44% to 16% seems reassuring.
I won't wait for the placement shares to come on the market because that will be months away. Keep in mind that AXM's partner in China ( major Canadian company Falconbridge) starts drilling this month and any whiff of success could send the sp northwards. With Creasy and Stone holding more than 50% of the existing shares, it doesn't take much to send the remaining shares for a run, as we saw before the suspension.
So a lot could happen with this tiddler in the short term and in the longer term. Watch it grow!