come on dargie, dont play games with us.you know very well that...

come on dargie, dont play games with us.

you know very well that when directors buy or sell stock it has to be disclosed to the market, no matter how big or small the trade.

its not hebei or rockcheck, most likely its some hedge fund or fund manager trying to get set for when the real action starts.

its like a time bomb, once the 6 months is up the other fund managers will come out of escrow and dump the shares they got from converting the AXOG. so if management can't get a deal done by then, well they will be cleaned out along with the other directors.

the closer we get to 30 June 2010 the closer AXOG will trade to $0.95. even at $0.70 its still cheap, you get another $0.25 upside plus the interest of $0.0367. So on $0.70 you can make almost 40%. yeah the fully paid might go up but its not "locked and loaded".

AXO had the chance to raise some capital in May 2008 and they didnt, every other company is out there trying to raise capital and not even a peep out of AXO. if they dont announce anything then we should be asking management to reduce cash burn, and yes, take a pay cut. it should be reward for outcome, not for keeping the seat warm.

i cant help but feel that if AXO was being run by George Jones, Andrew Forrest or Dave Flanagan that they would have already got the cash and starting developing the project. this is managements last chance.

by the way, where has our chinese friend gone? i hope he sold out at $0.15.